12.01.2015 19:42:00
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Moody's: WFRBS 2013-C18, WFRBS 2013-UBS1 and WFRBS 2014-LC14 Ratings Unaffected by the Non-Permitted Equity Transfer of Jersey Gardens Loan
New York, January 12, 2015 -- Moody's Investors Service (Moody's) was informed of a non-permitted equity transfer of indirect ownership interests in the borrowers for the Jersey Gardens Loan in the WFRBS 2013-C18, WFRBS 2013-UBS1 and WFRBS 2014-LC14 transactions. The equity transfer will result in the transfer of indirect ownership of Jersey Gardens from Glimcher Realty Trust to Simon Property Group, Inc.