DRA Advisors to sell Capital Automotive to Brookfield for $4.3 bln: Reuters

Real estate investment firm DRA Advisors LLC has agreed to sell auto financier Capital Automotive LP to Brookfield Property Partners for US$4.283 billion, sources told Reuters. Capital Automotive is based in McLean, Virginia, and provides real estate finance for automotive dealers to acquire new locations and upgrade facilities. The deal is expected to close by the fourth quarter of this year.

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