Will new tenant be enough to keep receiver away from Realty Bancorp Equities portfolio?

Realty Bancorp Equities managing member and principal owner Norman Kravetz no longer appears on the company website. It’s unclear why. It could be related to a distressed office portfolio that has made headlines recently. But there is some good news to share: the landlord landed a tenant.  Ecrypt announced it inked a long-term, off-market lease for 23,000 square feet at Kravetz’ 29899 Agoura Road, once home to the Los Angeles Rams. The deal is valued at more than $7 million, according to a release. Earlier, Kravetz-connected entities defaulted on the commercial mortgage-backed securities debt secured by a five-office-property portfolio located […]

This article originally appeared on The Real Deal. Click here to read the full story.

Powered by WPeMatico