Stonemont Financial Group Buys Portfolio of 100 Properties for $1.3 Billion

Stonemont Financial Group, an Atlanta-based real-estate-management firm, is buying a 100-property portfolio of office, industrial and retail holdings across 20 states for $1.3 billion, saying demand for properties with investment-grade tenants remains strong.

The deal, Stonemont’s largest acquisition ever, was fueled in part by debt capital seeking to finance strong real-estate portfolios, the company said Wednesday.

Click Here to read full article on The Wall Street Journal.