Sentences with phrase «operating partnership»

International distribution is through licensees, distributors, and independently - operated partnership stores.

The company continues to act as the general partner in the project operating partnership and retains property and asset management fees.

This is the fifth time in the past year we have used operating partnership units in an acquisition, as sellers recognize the unique benefits of our currency.»

Simon Property Group L.P., Simon's majority - owned operating partnership subsidiary, will also offer three new series of senior unsecured notes in the aggregate principal amount of $ 1.5 billion.

NOTE: The information contained herein does not constitute, and shall not be considered, an offer to sell, or a solicitation of an offer to purchase, interests in Armada Hoffler's operating partnership under U.S. securities laws (or U.S. state securities laws) or under the securities laws of any other country.

When utilized by our partners, taking back operating partnership units in lieu of cash can result in tax deferred gains and recapture, liquidity through the convertibility of the units to common stock, increased diversification from our broad portfolio of stabilized assets, and the potential for additional upside from our other development projects and acquisitions.

SL Green will acquire the property with approximately 50 percent cash and 50 percent operating partnership units.

Acadia, whose 9 million - square - foot portfolio of properties is mostly in the Northeast, is also paying $ 4 million in preferred operating partnership units for Klaff's management business, which handles 10 million square feet including 90 former Service Merchandise stores, 35 Levitz Home Furnishings stores acquired in a sale - leaseback transaction and 2 million square feet of retail assets acquired by Klaff.

Earlier this year, for example, Regency Centers Corp.'s operating partnership issued $ 250 million in senior unsecured notes.

Simon paid equity consideration to Prime's owners, generally comprised of 80 percent cash and 20 percent in SPG common operating partnership units.

We are operating a partnership with villages across Africa called Millennium Villages.

The acquisition consideration consists of the assumption of approximately $ 231.1 million of outstanding mortgage debt, the issuance of 325,098 operating partnership units valued at $ 46.14 per unit, and approximately $ 380.9 million in cash.

(The following statement was released by the rating agency) NEW YORK, November 09 (Fitch) Fitch Ratings has downgraded the ratings of CBL & Associates Properties, Inc. (NYSE: CBL) and its operating partnership, CBL & Associates Limited Partnership, including the Long - Term Issuer Default Rating (IDR) to «BB +» from «BBB -».

(The following statement was released by the rating agency) NEW YORK, December 01 (Fitch) Fitch Ratings has assigned an «A» rating to the multi-tranche senior notes issued by Simon Property Group, L.P., the operating partnership of Simon Property Group, Inc. (NYSE: SPG).

Remember that the partnership is basically an investment partnership, not an operating partnership.

The success of a real estate LP is entirely dependent on the management abilities of the general partners that are operating the partnership.

Yet there are key issues here about what Gilbert and George do represent, as an operating partnership in this critical world.

Partnership units in the operating partnership are economically equivalent to shares of Armada Hoffler Properties common stock.

This structure consists of an operating partnership that is controlled by the publicly - traded real estate investment trust (REIT).

This unique opportunity came to us because of the attractiveness of our operating partnership units and our relationship with the seller.

In addition, TNP Strategic Retail Operating Partnership, LP, the company's operating partnership, entered into a secured revolving credit agreement with KeyBank N.A. establishing a revolving credit facility with a maximum aggregate borrowing capacity of up to $ 15 million.

The Los Angeles - based office REIT expects to net proceeds of about $ 332.2 million and said in a statement that it plans to contribute the funds to its operating partnership to use for general corporate purposes including acquiring properties and repaying outstanding debt.

The Macerich Partnership, L.P., the operating partnership of Macerich and long - time partner Cadillac Fairview Corp..

At the option of the REIT's operating partnership, draws under the facility bear interest at per annum rates equal to (1) the Eurodollar Rate plus a margin ranging from 2.0 percent to 3.0 percent based on the REIT's consolidated leverage ratio or (2) the greater of Bank of America's prime rate, the Federal Funds Rate plus 0.50 percent or the one - month Eurodollar Rate plus 1.0 percent, plus a margin ranging from 1.0 percent to 2.0 percent based on the REIT's consolidated leverage ratio.

Columbus, Ohio — Locally based Glimcher Realty Trust announced that on October 19, 2001, its operating partnership, Glimcher Properties Limited Partnership, completed the financing of a $ 27 million mortgage secured by...

Columbus, Ohio — Locally based Glimcher Realty Trust announced that on October 19, 2001, its operating partnership, Glimcher Properties Limited Partnership, completed the financing of a $ 27 million mortgage secured by Ashland Town Center in...

In a typical joint venture arrangement, the REIT will cash out its equity in an existing asset by bringing in an investment partner to acquire a large chunk, say 85 percent, of the property's operating partnership.

Patriot American's acquisition of Summerfield Hotel Corp. cost $ 170 million in cash plus 4.59 million operating partnership units and paired shares for a total value of $ 283.9 million.

Armada Hoffler is facilitating those deals through stock swaps and operating partnerships with «people who are interested in buying into the story,» he said.

Blaine, Minn. — Columbus, Ohio - based Glimcher Realty Trust announced that its operating partnership, Glimcher Properties LP, completed the refinancing of a maturing $ 40 million mortgage secured by Northtown Mall in Blaine.

The maximum consideration to be paid for all properties (retail and office) is 3.4 million operating partnership units of MART L.P., an operating partnership to be formed by MART at closing.

The parties have valued the operating partnership units at $ 13 per unit.

The operating partnership units would be convertible into cash or, at MART's option, common shares on a one - to - one basis.

• any other issuances by us of common equity, preferred equity or other forms of equity, including but not limited to limited partnership interests in an operating partnership (excluding equity - based compensation, but including issuances related to an acquisition, investment, joint venture or partnership); and