CIT Leads $66 Million in Real Estate Financings for BKM Capital Partners

CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business has arranged $66 million in financings on behalf of BKM Capital Partners, a real estate fund manager specializing in the acquisition and improvement of light industrial multi-tenant properties in metro areas across the Western U.S.The financings supported the acquisition of three commercial real estate properties that were part of a larger 11-property industrial portfolio acquired by BKM in Arizona, California and Washington. BKM continues to enhance its reputation as a leader in acquiring and enhancing multi-tenant industrial properties in attractive locations with solid market and property level fundamentals," said Chris Niederpruem, managing director and group head for CIT's Real Estate Finance business.

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