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Benson Elliott buys 3,000-unit German resi portfolio

Benson Elliot Capital Management has exchanged contracts with subsidiaries of Speymill Deutsche Immobilien to buy the 3000-unit TOR residential portfolio out of administration.
CoStar News
March 23, 2012 | 1:19 P.M.

The acquisition by the UK-based private equity real estate fund manager, on behalf of Benson Elliot Real Estate Partners III, involves the acquisition out of receivership of over 3,000 residential units and ancillary commercial units, in 80 properties in Germany.

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