Dynex Capital Inc., Glen Allen, Va., has announced a joint venture agreement with DBAH Capital LLC, an affiliate of Deutsche Bank AG, under which Dynex will contribute certain interests in two existing commercial mortgage loan securitizations for a 50% stake.Dynex and DBAH, which will contribute $36.5 million in cash, will own equal shares in the venture. The joint venture will focus primarily in mortgage-related investments and special situations. "This joint venture accomplishes the goal of diversifying our commercial mortgage risk, and is a solid first step toward establishing partnerships with others," said Dynex chairman Thomas B. Akin. Dynex, a real estate investment trust, can be found online at http://www.dynexcapital.com.
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