$51 Million Purchase of Retail Property Portfolio 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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John C. Sumberg
Founder, Chairman
Adam D. Lustig
Practice Group Leader, Real Estate
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