Friday, June 6, 2014


Roger (who I assume you all know) says it best:
On Tuesday, CWCapital Asset Management, on behalf 
of the trusts it represents, formally took ownership 
of Peter Cooper Village and Stuyvesant Town, via a 
deed in lieu of foreclosure. This action means that
the properties are now REO assets of the trusts.
In addition, as result of the change in ownership, 
the foreclosure auction, of the top three layers 
of mezzanine debt, planned for next week, has been 

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