Taubman To Acquire Two U.S. Malls for $560M

Taubman Centers is buying two shopping centers from Davis Street Properties.

Taubman Centers is buying two shopping centers from Davis Street Properties, The Wall Street Journal reports. The transaction is valued at $560 million. The deal includes the acquisition of the Mall at Green Hills in Nashville, Tennessee, and the Gardens on El Paseo/El Paseo Village in Palm Desert, California. The purchase price consists of $206 million in assumed debt, as much as $80 million of subsidiary Taubman Realty Group’s units and about $274 million in installment notes.

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