Thomas Properties, UBS in deal
From Times Staff and Wire Reports
Thomas Properties Group Inc. said it had made an agreement with a UBS Wealth Management fund to jointly spend more than $250 million on office properties across the country.
Los Angeles-based Thomas Properties will pay 15% of the cost of each purchase and manage the buildings.
The company’s target markets include Los Angeles, Orange County, San Diego, San Francisco, Washington, Seattle, Denver, Houston and Austin, Texas.
