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IN-DEPTH: Oaktree JV pays $103m for Florida office complex

by Andrea Waitrovich

A joint venture between Banyan Street Capital and Oaktree Capital Management bought a five-building project in Florida from Pearlmark Real Estate Partners. Here’s an in-depth look at the deal.

 

THE DEAL

The buyer of the class A office complex paid $103 million for the Douglas Entrance office complex. CBRE represented the sellers.

The property has a distressed loan of approximately $102.5 million, which was financed by LNR Property

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