Financial Services Industry
Industry: Email Alert RSS FeedMorgan Stanley Seeks Buyer for Quantum
Commercial Mortgage Alert, May, 1995
George Soros' Quantum North America Realty Fund Ltd. has hired Morgan Stanley & Co. to line up investors interested in buying a 72% stake in the $525 million investment vehicle.
The assignment was disclosed in an April 18 letter from Quantum's trustee to the fund's investors.
In February, Quantum announced that it was considering a number of options to "maximize value" for shareholders. The statement was meant to explain why the fund abruptly canceled a $148.3 million commercial MBS offering that would have provided long-term financing for commercial properties Quantum acquired from Travelers Inc. of Hartford.
The actions came amid growing speculation that Soros and Paul Reichmann, whose Reichmann International LP serves as the fund's property...
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