COLUMBUS REALTY TRUST ANNOUNCES LONG-TERM FINANCING AGREEMENT.DALLAS--(BUSINESS WIRE)--July 13, 1995--Columbus Realty Trust (NYSE NYSE See: New York Stock Exchange : "CLB CLB Club CLB Columbus Blue Jackets (NHL hockey) CLB Combat Logistics Battalion (US Marine Corps) CLB Configurable Logic Block (microchip technology) ") announced today that it has received a commitment from Nationwide Life Insurance Company through its Dallas correspondent Keystone Mortgage for a $50 million loan that will mature in seven years. The loan is collateralized by eight properties and requires monthly payments based on a fixed rate of 7.45 percent with a 25-year amortization. The closing of the loan is subject to the satisfaction of certain standard lender requirements including environmental and engineering reports. The refinancing is expected to close on or before Sept. 15, 1995 and the proceeds are expected to be used by Columbus to repay $50 million of existing variable rate debt under its credit facility. Robert L. Shaw Robert L. Shaw (born: - died: ) was a politician from Alberta, Canada. Shaw was first elected to the Alberta Legislature in the 1909 Alberta general election. He defeated Conservative candidate J.K. , chief executive officer of Columbus, commented, "This refinancing is an important step forward for our business strategy at Columbus in that it enhances our financial strength and locks in a very attractive long-term source of capital for our portfolio. Almost all of the debt associated with our completed properties will be fixed rate upon the closing of this term note." Columbus Realty Trust, headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , is a self- administered and self-managed real estate investment trust that owns 27 apartment communities representing 4,454 operating rental units and 1,480 units under construction. CONTACT: Columbus Realty Trust J. Michael Lewis Michael Lewis or Mick Lewis may refer to:
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