7/7/2010

Dividend Capital Total Realty Trust's $1.4 billion deal last week was the largest the office, retail, warehouse or apartment sectors had seen since August 2008, according to Real Capital Analytics and CoStar. The 32-asset portfolio included many trophy buildings that generate steady cash flows. "What we get here is a very defensive portfolio with a high degree of investment-grade tenants ... that we think will get us through any remaining rough patch," says Greg Moran, chief investment officer for Dividend Capital.

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