CBRE Realty Finance , Hartford, Conn., has announced modifications to its management agreement with CBRE Realty Finance Management, CB Richard Ellis, and CBRE Melody & Co. to give the company greater flexibility as it explores its strategic options. The modifications give CBRE Realty Finance the right to terminate the management agreement without paying a termination fee to the manager (CBRE Realty Finance Management) and with an option to acquire the manager, the company said. CBRE Realty Finance also said it has agreed to assume certain severance obligations for employees of the manager. The company can be found online at http://www.cbrerealtyfinance.com.
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