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For media relations, please contact:
Janine Shagoury
Managing Director, Communications
(212) 891-1831
Mitch Karig
Vice President, Communications
(212) 891-1882
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IXIS Real Estate Capital Provides $134,500,000 Acquisition Financing On Central Mall Portfolio in Texas and Oklahoma
NEW YORK, December 9, 2004 – IXIS Real Estate Capital Inc, formerly CDC Mortgage Capital, announced today that it provided a $134,500,000 fixed-rate, ten-year loan to Gregory Greenfield & Associates, Ltd. to finance its acquisition of a 1,919,496 square foot portfolio of three malls. The properties, each named Central Mall, are located in Port Arthur and Texarkana, Texas and Lawton, Oklahoma. Each property is anchored by Sears, Dillard’s, and JC Penney’s. The properties have all undergone extensive renovations during the last five years and enjoy strong occupancy and tenant sales. The financing provides funding for costs associated with additional leasing of the in-line space and completion of capital improvements.
Gregory Greenfield & Associates, Ltd. is controlled by Atlanta-based real estate investor, Gregory Greenfield. Greenfield’s portfolio includes more than 10 million square feet of retail properties located throughout the United States.
IXIS Real Estate Capital Inc., the U.S. commercial real estate financing affiliate of IXIS Corporate & Investment Bank of Paris, France, provides fixed- and floating-rate mortgage debt and various forms of mezzanine financing for commercial real estate transactions in excess of $5 million. IXIS Real Estate Capital, formerly CDC Mortgage Capital, has originated or purchased more than $9 billion of commercial mortgage loans since 1999.
For further information, please contact Janine Shagoury at 212-891-1831 or David Askren at 212-891-6152.
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