MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 22, 2006 Morgan Stanley Snags REIT for $1.9 Billion Morgan Stanley Funds is taking a real-estate investment trust private. The Wall Street Journal reports that Glenborough Realty Trust Inc. has agreed to a $1.9 billion buyout by Morgan Stanley funds. Included in the price is $806 million in debt, all of which Morgan Stanley will either repay or assume. Glenborough is based in San Mateo, California, and went public in 1996. Separately, Canadian real-estate developer Revenue Properties Co. is buying the southeastern US REIT Sizeler Property Investors Inc. for $324 million. Printed from: MFWire.com/story.asp?s=12608 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |