Morgan Stanley Real Estate Investing Acquires
$196 Million U.S. Loan Portfolio
March 29, 2011 12:03 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Morgan Stanley Real Estate Investing (MSREI) announced today
the acquisition of a loan portfolio comprised of 45 assets with a principal balance of $196 million from an offshore
bank. The portfolio was acquired in partnership with Kearny Real Estate Company. Terms of the transaction were
The loan portfolio comprises a combination of performing, sub-performing and non-performing loans, with
underlying collateral including residential condominiums, apartments, office, industrial and residential land primarily in
California, Nevada, Washington, New Jersey and New York.
“We are delighted to complete the acquisition of another portfolio of loans with Kearny Real Estate Company, one
of the longest-standing operating partners of MSREI,” said John Klopp, Co-Chief Executive Officer and Co-Chief
Investment Officer of MSREI. “We believe our firms’ combined expertise in portfolio acquisitions and loan
resolutions make us well-positioned to maximize the value of these assets."
MSREI is the global real estate investment management arm of Morgan Stanley. Established in the early 1990’s,
MSREI has been one of the most active real estate investors for more than two decades, acquiring over $175 billion
of assets in 36 countries. MSREI leverages the expertise, relationships and franchise of Morgan Stanley with more
than 300 dedicated real estate investing professionals located in 15 offices around the world providing acquisition,
finance and asset management services. MSREI manages strategies across the risk/return spectrum on behalf of its
clients, including some of the largest pension funds, sovereign wealth funds and high net worth investors worldwide.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment
banking, securities, investment management and wealth management services. The Firm's employees serve clients
worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 42
countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
Erica Platt, 212-761-2444