CHARLOTTE, NC -- Laureate Capital LLC (http://www.laureatecapital.com/), a subsidiary of BB&T Corporation (NYSE:BBT), today announced the recent closing of eight multi-housing transactions worth $52.2 million.
The properties include four apartment complexes in Greensboro, N.C., (totaling 761 units); a 47-unit apartment complex in Greenville, N.C.; a 25- unit apartment complex in Newnan, Ga.; and a 272-unit apartment complex in Columbia, S.C.
Charlotte, N.C.-based Laureate Capital is a full service commercial mortgage banking company that arranges permanent commercial and multi-family real estate loans, services loan portfolios, provides asset and portfolio management, and real estate brokerage services.
It operates production offices that serve Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, Pennsylvania, South Carolina, Tennessee, West Virginia and Washington, D.C.
Laureate Capital's servicing portfolio balance was $9.6 billion as of May 31. More information about Laureate Capital is available at www.laureatecap.com.
With $121.7 billion in assets, Winston-Salem, N.C.-based BB&T Corporation (NYSE:BBT) is the nation's 12th largest full-service financial institution. BB&T operates more than 1,470 financial centers in the mid-Atlantic and Southeast. For more information about the company, visit http://www.bbt.com/.
First Call Analyst:
FCMN Contact:
Source: BB&T Corporation
|
| Notes:
CONTACT: BUSINESS, Thomas S. Dennard, Laureate Capital President and
CEO, +1-704-379-6910, MEDIA, Sosha Lewis, Laureate Capital Marketing,
+1-704-379-6911; or Jeff Nichols, BB&T Corp. Communications, +1-336-733-1472
Web site: http://www.bbt.com/
http://www.laureatecapital.com/
Company News On-Call: http://www.prnewswire.com/comp/809325.html
About This Release
If you have any questions regarding information in this press release, please contact the organization listed in the press release. Issuers of press releases and not TCI are solely responsible for the accuracy of the content.
 | |
| Advertisement |
|
