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The company took on some costs for property managementfees it had to pay for properties it took back possession of, as well as costs associated with reclassifying leases on two properties. Management is being prudent in a tough operating landscape, and the business as well as its financials look solid.
With a strong common culture of serving clients with excellence, together, we will deliver for our clients a holistic global infrastructure manager across equity, debt, and solutions. BlackRock has developed a broad network of global corporate relationships through many years of long-term investments in both debt and equity.
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