Apr 20, 2010 – Chicago, IL – Capri Capital Partners, LLC (“Capri”) announced today it has reached agreement with Barry Real Estate Companies, Inc. (“Barry”) on conversion of Capri’s mezzanine loan into an equity interest in the W Atlanta Hotel & Residences, located at 45 Ivan Allen Jr. Boulevard.
Under the new agreement, Capri assumes the primary ownership interest of the 28-story mixed-use hotel and condo property that opened in 2009. Barry will continue to have active involvement in aspects of the project.
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