Fortune REIT taps lenders to arrange $180M loan

12/30/2011 | Bloomberg Businessweek

Australia and New Zealand Banking Group, DBS Bank and Standard Chartered have been hired by Fortune Real Estate Trust to arrange and underwrite a $180 million loan for the REIT, according to a source. The three banks will look for other investors for the three-year loan, which includes a revolving credit facility. Fortune REIT plans to use the proceeds to acquire two properties in Hong Kong.

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