GE SECURES FINANCING

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LINDEN AND JERSEY CITY, N.J., AND FORDHAM, WEBSTER AND LAWRENCE, N.Y. — GE Real Estate has provided $41.5 million to an investment fund managed by Acadia Realty Trust for the purchase of five self-storage properties. The facilities are located in Linden and Jersey City, and Fordham, Webster and Lawrence. The five properties were part of a 10-property portfolio that was acquired by the Acadia Strategic Opportunity Fund III, LLC, a $500 million equity fund. The loan was arranged under GE’s Flexible Fixed-Rate Finance Program.

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