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Vestin Sells Land to KB Homes

Author: Diana Heeb Bivona

Vestin Realty Mortgage II, Inc., a real estate investment trust (”REIT”) that invests in short-term secured loans to commercial borrowers, announced today that escrow has closed on the sale to KB Homes of the Company’s interest in residential land in Henderson, Nevada for $1,268,000 cash. Vestin is expected to recognize a gain of $18,000 related to the sale.

This entry was posted on Thursday, July 13th, 2006 at 10:49 pm and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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