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Freddie Mac has purchased a $198 million pool of cross-collateralized, cross-defaulted mortgages from Capmark Finance Inc., in Horsham, Pa., according to a statement by Capri Capital Partners.The mortgages are in connection with the purchase by Capri Capital Partners, in Chicago, of eight apartment properties, all built between 2000 and 2004. The total number of units involved in the deal is 2,224. The assets are located in Florida, Texas, Colorado, Nevada and California. The transaction originally closed, with permanent financing in place, on July 31, Dori Nolan, principal of Capri Capital Partners, told CPN. The seller was Whiteco Residential, Merrillville, Ind.

New York City-based Care Investment Trust Inc. has paid $72.4 million for an 85 percent equity interest in limited liability entities owning nine medical office buildings valued at $263 million. The seller was Cambridge Holdings Incorporated, a Dallas-based developer, owner, and manager of healthcare facilities.Care acquired the equity interests through a downREIT operating partnership subsidiary. The purchase price consisted of 700,000 operating partnership units worth $10.5 million and $61.9 million in cash. The term downREIT describes a joint venture between a REIT and a property owner, whose assets are held separately from other assets in the REIT. As a result,…

Australian retail real estate giant Centro Properties Group, buffeted in recent weeks by the international credit crunch, has let it be known that it is “seeking expressions of interest for key alternatives available to it,” as the company obliquely put it in a release today. In other words, potential buyers of assets, or of Centro itself, have been invited to look around and kick the tires. According to the Financial Times, interested buyers might include the Westfield Group, a rival Australian retail owner; Stockland, another Australian landlord that owns a diverse commercial property portfolio; Morgan Stanley; or the Canadian Brookfield…

This year should be sluggish for commercial real estate, but fundamentals will remain strong and U.S. economic growth will be enough to keep leasing markets stable, noted forecasts released today by Grubb & Ellis Co. and Jones Lang LaSalle Inc.With many economists predicting a 50/50 chance of an economic recession, “our outlook is realistic and hopeful that the economy can avoid a recession,” Bob Bach (pictured), Grubb & Ellis’s senior vice president & chief economist, told CPN. “But this is with the caveat that it is possible.” Overall, the Grubb & Ellis Co.’s 2008 Global Real Estate Forecast notes that…