Vanta to liquidate $400M portfolio
According to Capital Newspapers reports, Vanta Commercial Properties will sell its entire office building portfolio consisting of 40 properties and some vacant land. The properties, with a total value of $400 million, are being marketed by CBRE.
Vanta CEO Randy Guenther explained that the decision was based on favorable market conditions.
The former T. Wall Properties changed its name to Vanta in 2012 after the company’s board voted out founder Terrence Wall. Wall went on to start T. Wall Enterprises and has been active in new apartment complexes and other projects around the area.