Pacific Office Properties Engages Eastdil Secured
28 Marzo 2011 - 7:00AM
Business Wire
Pacific Office Properties Trust, Inc. (NYSE Amex: PCE) has
engaged Eastdil Secured, LLC, a subsidiary of Wells Fargo &
Company, to assist in the potential recapitalization of a 1.6
million square foot portfolio of class A office buildings located
in Honolulu, Hawaii. Pacific Office Properties is a San Diego-based
REIT and is the largest office-building owner in Honolulu.
James Ingebritsen, Pacific Office Properties’ CEO, stated,
“Honolulu has always been seen as a high barrier-to-entry market in
which achieving critical ownership mass is difficult and time
consuming. We have a long and successful history of co-investing
with institutions and believe this six-property portfolio is ideal
for a new buyer to obtain a dominant position in the Honolulu
office market or to seed a major joint venture that will acquire
additional investments in the Honolulu market.”
There can be no assurance that this engagement will lead to any
transaction taking place.
About Pacific Office Properties Trust,
Inc.
Pacific Office Properties Trust, Inc.
(www.pacificofficeproperties.com) is a self-administered and
self-managed real estate investment trust that owns and operates
primarily institutional-quality office properties principally in
selected long-term growth markets in southern California and
Hawaii.
Certain Information About
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. We intend such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this
statement for purposes of complying with those safe harbor
provisions. Forward-looking statements are not historical
information and are based on current expectations and involve risks
and uncertainties. Without limiting the generality of the
foregoing, words such as “should,” “may,” “will,” “expect,”
“believe,” “anticipate,” “intend,” “could,” “estimate,” “potential”
or “continue,” or the negative or other variations thereof or
comparable terminology, are intended to identify forward-looking
statements. The risks and uncertainties inherent in such statements
may cause actual future events or results to differ materially and
adversely from those described in the forward-looking statements.
Important factors that may cause a difference between projected and
actual results for Pacific Office Properties Trust, Inc. are
discussed in the Company’s filings from time to time with the SEC.
Pacific Office Properties Trust, Inc. disclaims any obligation to
revise or update any forward-looking statements that may be made
from time to time by it or on its behalf.
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