Tuesday, January 25, 2022 Jan 25, 2022
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Architecture & Design

Victory Park Buildings Revert To Partner

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The buildings’ ownership was formally transferred today from Hillwood to US Treuhand, a German investment group that held $185 million in debt. Hillwood will continue to manage, so I see this as nothing more than a financial restructuring in a difficult period. Note also that I said the buildings. I assume the land still belongs to the original partnership. For my take on how to make Victory work, go here.

UPDATE: The original headline read “Lender” where it now reads “Partner.” I regret the error.