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January 2, 2007

By Michelle Napoli

The nearly $1.28-billion securitization of 340 CVS Corp. drugstore properties closed on Dec. 11, 2006, according to information from Moody’s Investors Service. The $1.3-billion sale-leaseback of assets, either owned or ground leased that resulted in the 144A securities offering, is believed to be the largest retail sale-leaseback in US history.

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