“We are pleased to announce the acquisition of a controlling interest in two of the highest quality office buildings in the Denver suburbs,” said Bruce Batkin, President of Terra Capital Partners. The adjoining buildings, located on a prominent site in Greenwood Village, are 98% leased and are built to urban standards. “This transaction enabled us to bring together the equity and mezzanine investment funds that we manage to create the most efficient capital structure for our local operating partner and for our investors,” added Batkin.
Terra Capital Partners is exclusive investment advisor to a private equity REIT, the shares of which are held primarily by an Australian listed property trust. The REIT focuses on the acquisition of U.S. income producing office, retail and industrial properties, frequently in joint venture partnership with local real estate operating companies.
The REIT focuses on well-leased, stable properties with credit tenants, strong covenants and average remaining lease terms of at least four years; The REIT avoids investments in uncertain, value-added situations.
For additional information please contact Dan Cooperman at (212) 753-5100 or visit our website: www.terracapitalpartners.com