Wednesday, April 20, 2005
Big Players Drawn to Undervalued Chicago Properties
In response to what they guess to be an underrated market for real estate in the Chicago area, First Union Real Estate Equity and Mortgage Investments has entered into the market with $69 million worth of convertible mezzanine loans. This corresponds to stakes in 22 commercial properties all over metropolitan and suburban Chicago.
The introduction of a large, nationwide company like this indicates that the Chicago commercial realty market is increasingly active. Don't miss your chance to take advantage of the situation!
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