Babson Capital Management LLC, its subsidiaries Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC, and Baring Asset Management Limited, announced today their intention to combine and use the Barings brand.
Cornerstone Real Estate Advisers (Cornerstone), one of the largest global real estate investment managers, today announced that on behalf on an institutional client, it has formed a joint venture with Seattle-based development company, Schnitzer West, LLC, to develop Madison Centre, a 36-story trophy quality office tower in Seattle, Washington.
Babson Capital Management, a global asset management firm with approximately $223 billion in assets under management, announced today that it led the Term Loan B issuance in a $135 million credit facility to Cambium Learning Inc. Babson also served as co-documentation agent on the transaction, which included revolving credit and term loan facilities.
Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for January 2016 of $0.1615 per share, payable on February 1, 2016. Based on the Fund’s December 31, 2015 share price of $16.49 per share, the distribution represents an annualized yield of 11.75% per share.
Cornerstone Real Estate Advisers (“Cornerstone”), one of the largest global real estate investment managers, announced that its Alternative Investments Group has originated a $144.3 million loan to finance the acquisition and repositioning of Centennial Tower, a 12-story, 340,000 square foot, Class A office building in South San Francisco, on behalf of an institutional client.
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