Brief
Merritt Properties Receives $750M Investment, Announces Leadership Changes
BALTIMORE — Merritt Properties, a privately held commercial real estate developer and owner based in Baltimore, has received a $750 million investment led by Centerbridge Partners LP. The investment i
Summary
BALTIMORE — Merritt Properties, a privately held commercial real estate developer and owner based in Baltimore, has received a $750 million investment led by Centerbridge Partners LP.
The investment includes capital to grow the company’s shallow-bay industrial portfolio in existing markets in Maryland, Virginia, North Carolina and Florida, as well as new markets.
As part of the investment, Centerbridge acquired the ownership interest previously held by Almanac, the private real estate investment
Source
- REBusinessOnlinerebusinessonline.com
