October 26, 2011
By Barbra Murray, Contributing Editor

Morgan Stanley has found a taker for Saxon Mortgage Services Inc.  Morgan Stanley will sell the residential mortgage loan servicing firm to Ocwen Financial Corp. for $59.3 million–and approximately $1.4 billion for servicing outstanding advance receivables.
Scheduled to close in the first quarter of 2012, the transaction comes five years [...]

The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.

Innkeepers USA Trust’s deal to sell a 64-hotel portfolio to a joint venture consisting of Cerberus Series Four Holdings L.L.C. and Chatham Lodging Trust as part of its Chapter 11 plan of reorganization is back on again.

Seniors housing and healthcare powerhouse Ventas Inc. expanded its borrowing capacity with the closing of a new credit facility. Subsidiary Ventas Realty L.P. confirmed a $2 billion unsecured, four-year revolving credit facility, replacing a $1 billion facility scheduled to mature in April 2012.

The solar energy services provider just obtained a $300 million three-year revolving credit facility through Deutsche Bank Securities Inc. and Rabobank.

Purchased from a bank in the Midwest, the geographically diverse portfolio is secured by retail, office and industrial assets.

RiverOak Investment Corp. L.L.C. is setting its sights on urban retail primed for repositioning with the initiation of a new investment vehicle, RiverOak Urban Retail Investors Fund I, with the goal of securing commitments totaling $300 million.

Through the FDIC’s Small Investor Program, Sabal Financial Group has acquired a $158 million portfolio of performing and non-performing commercial real estate loans from FirsTier Bank of Louisville, Colo.

Archstone can breathe a big sigh of relief. With the conclusion of financial restructuring, the national apartment investment and operations company has eradicated $5.4 billion from its total debt.

Securities and investment banking firm Jefferies & Co. has added real estate finance veteran John Ockerbloom to its leadership team.