LNR Property Corp., a large commercial real-estate company controlled by Cerberus Capital Management, recapitalized its balance sheet by issuing $417m in new equity to a group including Vornado Realty Trust, iStar Financial Inc. and Cerberus.
LNR Property gets $417m infusion
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.