Offshore investor buys N.Y. Citibank portfolio

U.S. market 'remains big draw for foreign capital'
Published on May 14, 2008

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by CareyBot

In a transaction valued at roughly $100 million, an unnamed Irish investment group purchased 47 Citibank branches in the New York City metro area and has agreed to lease the properties back to Citigroup. The portfolio includes a 157,312-square-foot combination ...