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September 29, 2017  

Starwood Taps Morgan Stanley Again

Morgan Stanley has committed to provide about $270 million of debt for Starwood Capital’s purchase of a Texas office portfolio.The Greenwich, Conn., investment shop has agreed to buy five properties in Austin, encompassing 1.2 million square feet, from a joint venture between DRA Advisors and Brandywine Realty. The purchase price would be around $360 million, putting the leverage at 75%. The loan is likely to have a mezzanine portion, but...

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