DALLAS Texas buyout firm Hicks Muse Tate & First agreed to sell its Olympus Real Estate Corp. unit, which has bought $5 billion of property in the past seven years, to Olympus managers. Terms of the purchase weren t disclosed.
Olympus, headed by David Deniger, invests in real estate on behalf of institutions, pension funds and wealthy individuals. The firm has a stake in more than 2.3 million square feet of commercial property, 52,000 apartments, 53 resorts and hotels, 40 golf courses and 57 residential communities. (4/26/01)
SOURCE:Bloomberg L.P.