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Back to Home » February 2011 News » Dividend Capital Total Realty Trust Secures Loan Repayment on Houston, Texas Hotel Debt Investment |
Dividend Capital Total Realty Trust Secures Loan Repayment on Houston, Texas Hotel Debt Investment |
February 03, 2011
DENVER, CO--(Marketwire - February 3, 2011) - Dividend Capital Total Realty Trust Inc., a diversified real estate investment trust (REIT), announced today that a $65 million senior mortgage loan originated in July 2009 and secured by two Westin hotel properties located in Houston, Texas, has been fully repaid by the borrowers. The investment produced a leveraged internal rate of return of 17% and also returns capital to the company, which will be available to redeploy into the current commercial real estate market.
Source URL: http://www.marketwire.com/mw/release.do?id=1390618&sourceType=3
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