$250M investment fund formed.Sterling Equities Inc. and American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Securities Corporation have announced the formation of an investment group for the purpose of acquiring more than $250 million in real estate assets. The group, Sterling American Property L.P., said current emphasis would be on residential, income-producing properties. The two general partners, affiliates of Sterling Equities and American Securities, will invest in each property on a "pari passu [Latin, By an equal progress; equably; ratably; without preference.] Used especially to describe creditors who, in marshalling assets, are entitled to receive out of the same fund without any precedence over each other. PARI PASSU. By the same gradation. " basis with the group's other limited partners. Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a A. Wilpon, Executive Vice President of Sterling Equities said the partnership would be managed in a conservative fashion combining low levels of leverage with high current returns. |
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