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Unibail sells The Village in San Fernando Valley for $325m
Unibail-Rodamco-Westfield (“URW”) has completed the sale of The Village, an outdoor lifestyle destination in the San Fernando Valley of Los Angeles, to the Kroenke Organization. The sale price of $325m (at 100%, URW share 55%), reflects an initial yield of 5.6% on the in-place Net Operating Income, and a 10.6%…