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Owed $158 Million, Benefit Street Realty Asks Dallas Court To Reopen Fraud Case

Asset Manager Seeks Funds From Foreclosure of IBF Properties’ Walgreens Portfolio
Benefit Street Partners foreclosed on the Walgreens store in Rosedale, Maryland, in February. (CoStar)
Benefit Street Partners foreclosed on the Walgreens store in Rosedale, Maryland, in February. (CoStar)

Asset manager Benefit Street Realty Partners asked the District Court in Dallas County, Texas, to reopen a case against investment firm IBF Properties over an alleged fraudulent scheme to fund the purchase of 24 Walgreens drugstores across the country.

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