The proceeds will be used to repay up to $ 2.15 billion in equity commitments from Brookfield, Fairholme and Pershing Square, as well as for general corporate purposes. (nreionline.com)
What should be particularly heartening for other borrowers facing upcoming debt maturities is the fact that General Growth was able to secure $ 6.8 billion in equity commitments from Brookfield Asset Management, Fairholme Capital Management LLC and Pershing Square Capital Management LP, says Macke. (nreionline.com)
With equity commitments of $ 145 million combined with leverage, HRUPP will have the ability to acquire real estate worth $ 450 million over the next 12 months. (nreionline.com)