Jones Lang LaSalle’s Capital Markets team has brought a $67.6-million portfolio of seven performing assets to market on behalf of Malkin Holdings, Mortgage Observer Weekly has exclusively learned.
The Malkin Holdings portfolio involved is comprised of six performing mezzanine loans and one preferred-equity position and collateralized by equity interest in retail, office and multifamily assets located in New York, San Francisco, Washington, Philadelphia and suburban London.
“The portfolio includes some of the highest-quality assets in their respective cities,” said Peter Nicoletti, managing director and global loan sales leader, who is leading the Jones Lang LaSalle team in the transaction. “With top-tier CBDs featuring strong growth and focused investor demand, the portfolio offers a unique relative yield opportunity and a solid investment for potential buyers.”
He declined to give the addresses of the properties. Malkin Holdings did not return requests for comment in time for publication.
The Jones Lang LaSalle Capital Markets team completed $63 billion in investment sales and debt and equity transactions globally in 2012. The unit includes more than 1,300 employees around the world.
Malkin Holdings recently spearheaded the plan to turn the 102-story Empire State Building into a publicly held real-estate investment trust.