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Re: stripus post# 1698

Friday, 03/16/2012 1:37:16 PM

Friday, March 16, 2012 1:37:16 PM

Post# of 1914
LHMMQ News on Schwab:

BRIEF-Terra Verde Group purchases Lehman Brothers asset

March 16 (Reuters)

Terra Verde Group:
* Terra Verde Group purchases Lehman Brothers asset
* Terra Verde Group- property was part of portfolio of Lehman Re assets and was a casualty of the Lehman Brothers bankruptcy
* Terra Verde Group - purchased property for $11.25 million, sees investing additional $15 million in the property over the next two years
* Terra Verde Group - investment will create more than 200 jobs during over the next two years
* Terra Verde-purchased The Grove, a property South of Nashville, Tenn., that was formerly known as Laurel Cove
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