Sunday, November 4, 2012

Buffalo Lender Provides $92.6 Million to TIAA-CREF for Apartment Buy in Washington DC


MassCourt-EastEnd-Wash-DC.jpg
MassCourt East End luxury apartments, Washington DC
M&T Realty Capital Corp., a wholly-owned subsidiary of 156-year-old Buffalo, NY-based M&T Bank (NYSE: MTB), has loaned New York City-based TIAA-CREF $92.6 million to buy the 371-unit MassCourt East End luxury apartments in the Mount Vernon Triangle neighborhood of Washington, DC.  Terms of the financing were not disclosed in a news release from the Washington office of HFF which arranged the deal.

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