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WL Ross funds acquire interest in real estate loan portfolio from the FDIC

October 2009

Client(s) WL Ross & Co. LLC

Jones Day advised WL Ross-managed funds on their participation in a consortium led by Starwood Capital Group that acquired from the FDIC a 40% interest in a portfolio of troubled real estate loans for $554 million. The portfolio had been seized by the FDIC from Corus Bank.

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