June 2016

McDowell Properties Purchases B-Piece of $688MM Securitization

McDowell Properties, through an affiliate, purchased the "B-Piece" of a recent commercial mortgage securitization at a significant discount to face value. The mortgages are secured by a $688MM portfolio of high quality, diversified real estate throughout the United States. McDowell Properties believes that it is an opportune time to invest in mortgage securitizations as lenders continue to underwrite conservatively and real estate fundamentals continue to improve. We have made investments in over $11BN in mortgages and 178,000 units.

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