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JER Investors Trust Nears Default, Running Low on Cash

JER Investors Trust Inc. continues to burn through its dwindling cash at the rate of more than $1 million a month, which at that rate gives it less than three months of unrestricted reserves. As of March 31, McLean, VA-based JER Investors Trust had...

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This post was syndicated from National Commercial Real Estate News From CoStar Group.

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