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Court orders liquidation of Hertz Properties' US office portfolio

Decision sets up sale of nine buildings to pay off bondholders.
Hertz Properties Group, owner of multiple U.S. office buildings including Bridgewater Place in Grand Rapids, Michigan, pictured, has been ordered to be liquidated. (CoStar)
Hertz Properties Group, owner of multiple U.S. office buildings including Bridgewater Place in Grand Rapids, Michigan, pictured, has been ordered to be liquidated. (CoStar)
CoStar News
December 13, 2024 | 6:21 P.M.

A court in the British Virgin Islands has ordered the liquidation of Hertz Properties Group, an Israeli entity that owns nine U.S. office buildings.

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