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AFC Realty Capital.


AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers.  Realty Capital has arranged $23.5 million in permanent financing Permanent financing

Long-term financing using either debt or equity.


permanent financing

The long-term financing that supports a long-term asset.
 for a portfolio of nine nationally-franchised hotel properties in central Pennsylvania owned by Hersha Hospitality Trust, a publicly-traded REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
.

The financing will be used by Hersha to pay off existing debt and fund additional acquisitions and capital improvements, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Arthur Fefferman, President of the Manhattan-based real estate investment banking and mortgage brokerage firm.

The Hersha properties involved in the transaction contain a total of 924 rooms and are located within a 50-mile radius of Harrisburg. They operate as Holiday Inns, Holiday Inn Expresses, Hampton Inns or Choice franchises.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 12, 2000
Words:100
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