The Daily Record Business News Briefs: June 30, 2009
The Daily Record (Baltimore) › July 01, 2009
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Summary
MuniMae downsizes
Municipal Mortgage & Equity LLC, or MuniMae, of Baltimore, one of the nation's largest owners of affordable housing, said it has agreed to sell nearly all of its low income housing tax credit business, one of its principal income generators. The buyer, an affiliate of JEN Partners LLC, a New York-based private equity real estate firm, will pay approximately $30.7 million -- $18.7 million in cash and assumption of $12 million in liabilities. The sale is structured to occur in two separate closings. MuniMae stock, once listed on the New York Stock Exchange, is now traded via the Over- the-Counter Pink Sheets.See the full content of this document
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The Daily Record Business News Briefs: June 30, 2009
Census opens Essex facility
The U.S. Census Bureau on Monday opened a massive data capture center in Essex. The center is one of three in the country that will process the 2010 completed census questionnaires as they are mailed b...See the full content of this document
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