Insignia was among the first companies to use tender offers to increase its ownership of limited partnerships owning multifamily property, and refinanced substantial amounts of its portfolio in the first two cross collateralized real estate mortgage investment conduits sponsored by Lehman Brothers in 1992 and 1993.
Insignia was among the first companies to use tender offers to increase its ownership of limited partnerships owning multifamily property. Insignia refinanced substantial portions of its multifamily portfolio in bulk though the first two non cross collateralized real estate mortgage investment conduits, sponsored by Lehman Brothers, in 1992 and 1993.