Grandbridge Real Estate Capital completes purchase of California commercial real estate firm

 Grandbridge Real Estate Capital completes purchase of California commercial
                               real estate firm

PR Newswire

CHARLOTTE, N.C., Dec. 3, 2012

CHARLOTTE, N.C., Dec. 3, 2012 /PRNewswire/ --Grandbridge Real Estate Capital
LLC, a wholly-owned subsidiary of BB&T Corporation (NYSE: BBT), announced
today it has completed the purchase of Dwyer-Curlett & Co., a leading
commercial real estate finance firm with three offices in southern California.

"This merger creates a very compelling value proposition for our associates,
clients and investors," said Grandbridge CEO Thomas S. Dennard. "It is a great
opportunity to expand into the attractive California market and connect
clients with our broad base of real estate capital solutions nationwide."

Senior Vice Presidents Shelley Magoffin and Thomas Kenny will serve as
regional managers for the Los Angeles, Orange County and San Diego offices.
The combined offices have 20 loan originators, in addition to financial
analysts and asset management personnel. Grandbridge's large resource base,
expanded delivery system and greater access to capital will help drive growth
in the region.

About Grandbridge Real Estate Capital LLC
Charlotte, N.C.-based Grandbridge has a broad investor base that includes
insurance companies, CMBS investors, pension fund advisors, commercial banks
and capital markets investors, as well as its proprietary lending platform,
BB&T Real Estate Funding. The company is a Fannie Mae DUS^® lender, a Freddie
Mac Program Plus^® Seller/Servicer, and an approved FHA MAP and LEAN
healthcare lender.

Grandbridge arranges permanent commercial and multifamily real estate loans;
services loan portfolios; and provides asset and portfolio management, as well
as real estate brokerage services. Grandbridge has a current servicing
portfolio of more than $30 billion and represents approximately 100 capital
providers. More information about the company is available at www.gbrecap.com.

SOURCE Grandbridge Real Estate Capital LLC

Website: http://www.gbrecap.com
Contact: BUSINESS CONTACT,Thomas S. Dennard,CEO, Grandbridge Real Estate
Capital, +1-704-379-6910, tdennard@gbrecap.com, or SOUTHERN CALIFORNIA
REGIONAL MANAGERS, Shelley M. Magoffin, Senior Vice President, Grandbridge
Real Estate Capital, +1-310-226-2700, smagoffin@gbrecap.com, or Thomas B.
Kenny, Senior Vice President, Grandbridge Real Estate Capital,
+1-949-222-1100, tkenny@gbrecap.com
 
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