Part of the equity for Chelsea’s massive Terminal Stores deal will likely come from the California State Teachers’ Retirement System. The fund is expected to provide at least $100 million of equity for the purchase, according to Bloomberg. A unit of JPMorgan Chase is representing the fund, which will partner with L&L Holding Co. on the deal. L&L and Normandy Real Estate Partners bought Terminal Stores from GreenOak Real Estate for about $900 million earlier […]
source https://therealdeal.com/2018/08/22/this-pension-fund-is-providing-ll-with-equity-for-its-terminal-stores-buy/
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