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JPMorgan Securitizes Loan Backing Workplace Property’s Suburban Office Portfolio Buy

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JPMorgan issued $557 million in commercial mortgage bonds this past week backed by interests in a portfolio of 108 suburban office and flex properties purchased by Workspace Property Trust earlier this month from Liberty Property Trust.

The $969 million purchase with partners Safanad, a Dubai-based global principal investment firm; and affiliates of diversified investment firm Square Mile Capital Management LLC, was WPT’s second major transaction…

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