Rainier Capital Management, L.P. Announces Acquisition of Southlake Office Flex Portfolio in Southlake, TX

Rainier Capital Management, L.P. announces the acquisition of the Southlake Office Flex Portfolio in Southlake, TX on behalf of thirty-seven 1031 exchange investors.

(PRWEB) January 1, 2006 -- Tim Nichols, Executive Vice President of Rainier Capital Management, L.P., announces the acquisition of the Southlake Office Flex Portfolio in Southlake, TX on behalf of thirty-seven 1031 exchange investors. David Mott of Northmarq Capital arranged financing for the transaction through Bank of America.

The portfolio contains over 267,000 square feet across 21 separate buildings. The portfolio is leased to 50 tenants and is 96% occupied. Rainier created a Delaware Statutory Trust to accommodate the exchange investors in the portfolio acquisition.

Rainier Capital Management, L.P., a Dallas based real estate investment firm, specializes in the placement of mezzanine debt and preferred equity into retail, office, multi-family, industrial and hotel properties throughout the United States. In addition, Rainier is active in the development of Tenant-In-Common (TIC) and Delaware Statutory Trust (DST) real estate syndications to accommodate private investors' 1031 exchange transactions.

For more information, please visit www.rainiercapital.com.

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