Invesco (IVZ) Teams with Others to Buy $880M Real Estate Loan Portfolio from BofA
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Price: $15.27 +0.20%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 3.1%
Revenue Growth %: +0.4%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 3.1%
Revenue Growth %: +0.4%
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Invesco Ltd. (NYSE: IVZ) today announces that its wholly-owned subsidiaries WL Ross & Co. LLC and Invesco Advisers, Inc., and, Square Mile Capital Management LLC and the Canyon-Johnson Urban Funds have teamed to acquire a portfolio of performing and non-performing commercial real estate loans from Bank of America.
The 29 loans are secured by office, retail, industrial, multi-family, and lodging assets located across 16 states and have an aggregate unpaid principal balance of approximately $880 million.
The 29 loans are secured by office, retail, industrial, multi-family, and lodging assets located across 16 states and have an aggregate unpaid principal balance of approximately $880 million.
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