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August 4, 2011

Canadians invest in Pine Street project

By JOURNAL STAFF

SEATTLE — The Canada Pension Plan Board yesterday announced it staked a 44 percent interest in the 654-apartment project that Pine Street Group is developing in Seattle at Sixth and Lenora.

CPP is affiliated with Multi-Employer Property Trust, a project investor. Bentall Kennedy, a real estate investment adviser that represents both, structured the CPP/MEPT partnership. BK said this is its first cross-border joint venture between Canadian and U.S. investors.


 
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