The Federated Companies Purchases Bank Note and Increases Market Value of Acquisition

The Federated Companies, a leading vertically integrated national real estate investment and development firm, has recently closed on the acquisition of a mortgage from KeyBank that is secured by Bayside Village in Portland, Maine. The asset is located in downtown Portland between the Old Port and Back Cove on 132 Marginal Way and consists of 100 units and 400 bedrooms and operates as a student housing complex that was completed in 2008.

Related Articles:

Real Estate Business Online – March 16, 2011

Portland Daily Sun – March 10, 2011

Portland Press Herald – January 19, 2011

Portland Biz – January 18, 2011

Posted on March 24th, 2011 in Property Transactions