Daily Archives: 2009-10-16

GIC may lose big on investment in apartments

Another big player in the restructuring talks could be Singapore’s GIC. The fund owns a $575 million mezzanine loan backed by the property, according to people familiar with the matter. Also, GIC owns about $100 million to $200 million in equity, the people said. Both investments might be wiped out unless GIC maneuvers to have more influence in the loan …

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