Sinclair Broadcast Group has made another investment in real estate, putting 3.1 million into two apartment complexes. Sinclair now has a 9.75% stake in the two developments: Preston Hills Apartments in Atlanta and Lakeshore Apartments in Indianapolis. The two apartment complexes are managed by Harbor Group International.
Sinclair also announced an initial three million investment in Patriot Capital II, a fund that provides structure debt and mezzanine financing to small businesses. Sinclair’s eventual investment will total 20 million.