Business News • MarketWire • Everest Significantly Expands Ability to Assist TIC Owners Through a Joint Venture With Oaktree Capital Management

Everest Significantly Expands Ability to Assist TIC Owners Through a Joint Venture With Oaktree Capital Management

Everest Significantly Expands Ability to Assist TIC Owners Through a Joint Venture With Oaktree Capital Management

PASADENA, CA--(Marketwire - Oct 13, 2011) - Everest Realty Management announced today that it has significantly expanded its ability to address the needs of TICs by forming a joint venture with an investment fund managed by Oaktree Capital Management, L.P., a leading global investment management firm. Through that joint venture, Everest will provide equity capital to enable TICs to solve short-term capital needs such as capital improvements or temporary negative cash flow, as well as longer-term needs such as refinancing and restructuring.

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