05/27/2005 Issue

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TEN MINUTES WITH…Jim Walker
By Erika Morphy

On May 5, Prudential Real Estate Investors announced it had reached an agreement to acquire Storage USA's assets from GE Commercial Finance. PREI is acting on behalf of institutional investors in four open-end commingled funds and two single client accounts. It is no small move on PREI's part—the unit has committed more than $1.5 billion in equity to the transaction for the joint venture ownership of more than 250 self-storage facilities.


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