Stewart Title Closes Cinemark Acquisition of Rave Theatres
HOUSTON -- June 10, 2013
Stewart National Title Services (NTS) is proud to have provided title
insurance and closing services for the recent Cinemark Holdings, Inc.
acquisition of assets from Rave Cinemas. The transaction, for which Stewart
was the sole title insurance provider, was closed by the NTS Dallas office and
totaled approximately $240 million. Comprised of 32 theatres in 12 states,
this acquisition expanded the national footprint of Cinemark, one of the
nation’s leading motion picture exhibitors.
Tom Owens, senior vice president-real estate, for Cinemark, remarked, “The
expertise of Stewart Title and the NTS Dallas office has been invaluable to
our company. In addition to closing the transaction for Rave Cinemas, Stewart
Title has closed many Cinemark real estate transactions over the years.”
Stewart has offices located across the United States and abroad with expertise
in handling complex commercial transactions in a wide range of industries.
Additional examples can be found in the Stewart Spotlights publication
(http://www.stewart.com/spotlights), which features an assortment of
first-class properties from around the world.
Stewart’s NTS Dallas office can be contacted at:
1717 Main St., Ste. 3500
Dallas, TX 75201
Tel: (214) 220-2060
Stewart National Title Services, a division of Stewart Title Guaranty Co.,
provides a single point of contact for U.S. and multinational customers that
require special expertise in closing and underwriting for single and
multi-site commercial transactions. Stewart Title Guaranty Co. is a wholly
owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a
customer-focused, global title insurance and real estate services company
offering products and services through our direct operations, network of
approved agencies and other companies within the Stewart family. Stewart
provides these services to homebuyers and sellers; residential and commercial
real estate professionals; mortgage lenders and servicers; title agencies and
real estate attorneys; home builders; and United States and foreign
governments. Stewart also provides loan origination and servicing support;
loan review services; loss mitigation; REO asset management; home and personal
insurance services; tax-deferred exchanges; and technology to streamline the
real estate process. Stewart offers personalized service, industry expertise
and customized solutions for virtually any type of real estate transaction,
and is the preferred real estate services provider. More information can be
found at http://www.stewart.com/news.
Stewart Information Services Corp.
Ted C. Jones, (713) 625-8014
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