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Landauer offers insurance firms liquidity facility for upgrades.

Landauer Realty Advisors is currently offering insurance companies the opportunity to participate in its Real Estate Liquidity Facility, a new program designed to upgrade portfolios while benefiting from gradually improving real estate markets. This insurance industry initiative does not involve raising new capital or selling its real estate at currently depressed market prices.

The new program was designed by a team of leading insurance, real estate, legal and financial specialists. It has special appeal to insurance companies with increasing asset management needs to service its REO (Real Estate Owned through mortgage loan foreclosure).

The initial program of an estimated $500 million to $1 billion in assets is scheduled for closing before year end.

One of the Liquidity Facility's initial participants will be AEGON USA. An affiliate, Landauer Realty Advisors, will sponsor and manage the program.

Regulators, as well as legal, actuarial and securitization specialists who have reviewed the Liquidity Facility have described it as a creative and practical answer to the insurance industry's real estate portfolio liquidity and asset management needs.

Because investment banking and marketing fees are not required, participants' fees will be modest.
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Title Annotation:Landauer Realty Advisors offers opportunity for participation in Real Estate Liquidity Facility for real estate portfolio upgrades
Publication:Real Estate Weekly
Date:Jul 28, 1993
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