KKR Real Estate Finance Trust plans to take ownership of the mall and redevelop the property into residential and office space.
PORTLAND, Ore. — The Lloyd Center mall in Northeast Portland is facing foreclosure and may soon be redeveloped.
KKR Real Estate Finance Trust, a New York-based real estate lending company, plans to take ownership of the mall. The news was first reported in Blooomberg Law on Oct. 26. The company plans to redevelop the property to add residential and office space.
“We intend to foreclose and to take ownership of the asset, enabling us to optimize value over the near and medium term,”
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