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MCArmel1

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MCArmel1

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Thursday, 09/18/2014 4:32:54 PM

Thursday, September 18, 2014 4:32:54 PM

Post# of 1356
RAIT Financial purchases two shopping centers

Sep 18 2014, 16:29 ET | About: RAIT Financial Trust (RAS) | By: Stephen Alpher, SA News Editor

The two were bought for a total price of $50.8M which RAIT (NYSE:RAS) funded with $15.8M of available cash and $35M of debt.
Property #1 is a 236K square foot big box center, and property #2 a 161K square foot strip center. Both are located in Troy, Michigan.
The deals were sourced through Urban Retail Properties which became a wholly owned subsidiary of RAIT in March.
Source: Press Release

http://seekingalpha.com/news/1990685-rait-financial-purchases-two-shopping-centers?uprof=45#email_link

Wolves.. The original man's Best Friend!

In search of the fabricated IR.."nope, not here either!"

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