Oxford Properties Group has entered the U.S. open-air retail investment sector with the creation of a joint venture with Pine Tree and the acquisition of two properties in Austin, Tex. for a reported US$250 million.
G2S2 Capital, a major investor in Ravelin Properties REIT (RPR-UN-T), has provided it a further lifeline by extending forbearance on loans of almost $600 million. G2S2 also assumed US$84 million in debt on a Chicago office building.
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