Examples of Bank of America Portfolio in a sentence
We also operate an asset management business that manages for third-parties, including our Bank of America Portfolio joint venture, commercial real estate assets.Gramercy was founded in 2004 as a specialty finance Real Estate Investment Trust, or REIT, focused on originating and acquiring loans and securities related to commercial and multifamily properties.
As of December 31, 2014 and December 31, 2013, the Company’s investment in the Bank of America Portfolio joint venture had a carrying value of $0 and $39,385, respectively.
Russell, J., “Relative Value Analysis,” Bank of America Portfolio Management, June 2001.
The shares were issued as consideration for the our contribution to the joint venture which purchased the Bank of America Portfolio on the same date and were valued at $2.75 which was the closing price of our common stock on the New York Stock Exchange as of the date of the executed purchase and sale agreement.
Bank of America Portfolio On June 9, 2014, the Company acquired the remaining 50% equity interest in the Bank of America Portfolio joint venture.
The Company owned a 50% interest in the Bank of America Portfolio joint venture until June 9, 2014, when it acquired the remaining 50% equity interest from Garrison Investment Group.
The Company acquired the remaining 46 Bank of America Portfolio properties, or the Non-Core Portfolio, without financing.As of December 31, 2013, the Company owned 75 properties, including the 67 properties in the Core Portfolio and eight properties in the Non-Core Portfolio, which were classified as held-for-sale.
Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet.$2,735,246,72154.
On the date that the Company acquired the remaining 50% equity interest, the Bank of America Portfolio included 67 properties located across the United States totaling approximately 3,055,000 rentable square feet and was 97% leased to Bank of America, N.A., under a master lease with expiration dates through 2023, with total portfolio occupancy of approximately 98%.
The Company is currently analyzing the fair value of the assets liabilities of the Bank of America Portfolio; and accordingly, the purchase price allocations are preliminary and subject to change.