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Deal snapshot: KEYCORP TO BUY BOFA CMBS SERVICING PORTFOLIO, BERKADIA CMBS SPECIAL SERVICING OPERATIONS.

MANews-(C)2009-2013

US KeyCorp (NYSE:KEY) said it had agreed to acquire certain commercial mortgage servicing rights from Bank of America Corp (NYSE:BAC), or BofA, as well as Berkadia Commercial Mortgage LLC's commercial mortgage-backed security (CMBS) special servicing business for an undisclosed amount.Country: USASector: Banking/Financial ServicesTarget: Certain commercial mortgage servicing rights of Bank of America, Berkadia Commercial Mortgage LLC's CMBS special servicing businessBuyer: KeyBank Real Estate Capital, KeyCorp Vendor: Berkadia Commercial Mortgage LLC, BofA's Global Mortgages & Securitized Products business, Bank of America Corp Type: Corporate acquisitionStatus: AgreedBuyer advisor: KeyBanc Capital Markets Inc

.END.PUB430>PDMay 21, 2013>JNMANEWS.PRICEDATENOT APPLICABLE.DAY

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Publication:M & A Navigator
Date:May 21, 2013
Words:105
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