$51 Million Purchase of Portfolio of Retail Properties on Lincoln Road in Miami Beach

Acadia Realty Trust, Terranova Corporation
Representation of joint venture between affiliates of Acadia Realty Trust (NYSE: AKR) and Terranova Corporation in $51 million purchase and securitized loan assumption of a portfolio comprised of three buildings on Lincoln Road in Miami Beach, one of the top retail shopping and tourism destinations in the country.
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