CMCT Announces International Investor Acquires 49% Stake In Echo Park's 1902 Park Ave Apartment, Proceeds From The Investment Were Used To Pay Off The Mortgage And Fund A Distribution To CMCT And Another CIM-Advised Fund
CMCT Announces International Investor Acquires 49% Stake In Echo Park's 1902 Park Ave Apartment, Proceeds From The Investment Were Used To Pay Off The Mortgage And Fund A Distribution To CMCT And Another CIM-Advised Fund
Transaction provides cash distribution to CMCT as well a recurring management fee
交易爲CMCt提供現金分配以及循環管理費
CMCT (NASDAQ:CMCT) announced today that an international institutional investor has acquired a 49 percent interest in 1902 Park Ave., a premier, Class A apartment property located in the Echo Park neighborhood of Los Angeles, a thriving walkable submarket with abundant dining and entertainment options.
CMCt（納斯達克：CMCT）今日宣佈，一家國際機構投資者已收購了位於洛杉磯Echo Park社區的一處一流的A級公寓物業1902 Park Ave. 49%的股權，這是一個繁榮且步行可及的區域，擁有豐富的餐飲和娛樂選擇。
Proceeds from the investment were used to pay off the mortgage and fund a distribution to CMCT and another CIM-advised fund. CMCT and the CIM-advised fund each acquired a 50 percent ownership in 1902 Park Ave. in early 2023 in an off-market transaction. These two funds will earn a management fee and potentially an incentive fee based on future performance.
投資收益用於償還抵押貸款並向CMCt和另一隻CIm管理的基金提供分配。 CMCt和CIm管理的基金於2023年初通過非市場交易各自收購了1902 Park Ave. 50%的所有權。 這兩隻基金將根據未來業績獲得管理費和可能的激勵費。
