Retail REIT works to refinance debt - The Business Review (Albany):

http://elisabethharvor.com/trevor2.htm
The Dallas office of Hollida y Fenoglio Fowler confirmed Wednesday that it has been working with the real estate trustt since the fourth quarter of 2008 to develop solutions forthe trust’ outstanding debt securities. To HFF has been able to secure or negotiated a totalof $500 millionb in financing for the real estate investmentr trust. At this point, $300 milliohn of debt is in various stages of negotiationh for refinancingand long-term extensions. Thus far this year, the companh has closed on $120 milliobn in loans and secured $75 million more in committeds financing, HFF said in a statement.
The willingnesxs of lenders to engage in the financingg of the trust may be attributed to the valur ofthe properties, HFF indicated. “Thw lenders that are actively engaged appreciate the qualityh ofthe assets, the realistic underwritinf assumptions being used and the opportunithy to make strong fundamental loans to a best-in-class sponsor,” said Kevin MacKenzie, HFF managingg director. Inland Western Retail Real Estatwe Trust has 334 propertiew in isnational portfolio, totaling 51 milliom square feet. Among local retail properties it managezs are The Shops at Park Placein Plano, Southlak Town Squafre Block 22 and Prestonj Trail Village in Dallas.