Cedar Realty Trust

Port Washington, New York, USA

CDR LogoAdvised this New York Stock Exchange Real Estate Investment Trust on its sale of a minority stake joint venture interest with another publicly traded REIT.  The assignment involved seeking a third party new potential joint venture partner to purchase the other REIT’s interest.  The total valuation of the 100% interest was approximately $600 million US.  The project began in January 2012 and was completed with successful sale of the minority stake to the majority REIT partner in September 2012.