Stuyvesant Town property might be sold separately by servicer

04/26/2010 | Reuters

CWCapital, the special servicer for the Stuyvesant Town/Peter Cooper Village apartment loans, has petitioned the U.S. District Court to let it sell the apartment complexes separately in an auction. Separating the properties might broaden the universe of potential buyers, but it is unclear whether investors would want to buy the properties separately, Deutsche Bank CMBS analysts say in a research note.

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