Phoenix real estate firm to be acquired in huge deal

By Paul Thompson, Brian Bandell – Phoenix Business Journal

A Phoenix real estate investment firm is on the verge of a multibillion-dollar sale.

Fundamental Income Properties LLC is set to be acquired, along with its expansive real estate portfolio, by Miami Beach, Florida-based Starwood Property Trust (NYSE: STWD) for $2.2 billion, according to a July 16 announcement.

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