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OSTRS

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OSTRSOhio State Teachers Retirement System


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6 million ten year non-recourse mortgage loan, which was transferred to the OSTRS Joint Venture as discussed below, and a $10 million unsecured revolving credit facility which matures in November 1999.
The properties were transferred to the joint venture (which is 50% owned by OSTRS and 50% owned by DDR) at a projected valuation of $50.
 
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