Aegon NV's U.S. commercial real estate arm has unloaded $78.5 million of "well-performing" mortgages at prices ranging from "a modest discount to a slight premium" over face value, according to the brokerage that arranged the sale.
The brokerage, Holliday Fenoglio Fowler LP, said a single institutional investor (which it did not identify) bought all 19 loans, which ranged from $2 million to $7.5 million.
They are secured by retail, industrial, warehouse and office buildings, a mobile home park and apartments in 11 states.
Aegon, a Dutch insurance company, wants "to slightly rebalance its portfolio," Stuart Salins, a senior managing director at Holliday Fenoglio, said in a press release.
