WL Ross & Co. and Invesco Advisers will acquire a portfolio of performing and non-performing commercial real estate loans from Bank of America Corp. The 29 loans have been taken against office, retail, industrial, multi-family and lodging assets located across 16 states and have an aggregate unpaid principal balance of nearly $880 million. The wholly owned Invesco subsidiaries have teamed up with Square Mile Capital Management and the Canyon-Johnson Urban Funds for the acquisition. The Invesco Mortgage Recovery Fund provided the capital for the investment.
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