CT Realty Disposes of SoCal Portfolio for $30M

The portfolio featured mutliple residential, industrial and officer properties that CT purchased in 2009 and 2010 through several senior loan pool acquisitions. It comprises 140,000 square feet.

May 17, 2011
By Allison Landa, News Editor

CT Realty Investors has completed the sale of a $30 million portfolio of office, warehouse and residential assets located throughout Southern California in Riverside County, Orange County and San Diego County. The transaction included several senior mortgage notes.

The portfolio featured mutliple residential, industrial and officer properties that CT purchased in 2009 and 2010 through several senior loan pool acquisitions. It comprises 140,000 square feet.

According to CT Realty Investors executive vice president Carter Ewing, many of the properties were acquired in mid-2010. He said that the company has been an active purchaser of under-performing debt instruments and that the portfolio exemplifies its successful resolution capabilities.

Several of the senior notes that were sold along with the portfolio were originally acquired from the former Lehman Brothers estate, with the balance stemming from regional banks.

Established in 1994, CT Realty has completed more than 200 transactions with value in excess of $2.5 billion through a series of 10 independent discretionary private equity real estate funds.