Ackman Exits StuyTown Investment With $45 Million Intact

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Oct. 27 (Bloomberg) -- Bill Ackman and Winthrop Realty Trust sold the junior debt they jointly held on Manhattan’s 80-acre Stuyvesant Town-Peter Cooper Village apartment complex to affiliates of CWCapital Asset Management LLC, which represents senior lenders to the property, Boston-based Winthrop said in a statement yesterday. Bloomberg's Monica Bertran reports. (Source: Bloomberg)


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