Barclays (BCS +3.3%) is selling a portfolio of real estate loans to CreXus (CXS), a REIT that...

|About: Barclays PLC (BCS)|By:, SA News Editor

Barclays (BCS +3.3%) is selling a portfolio of real estate loans to CreXus (CXS), a REIT that invests in commercial real estate debt, for $586M. CreXus launched a 50M share sale to fund the purchase, 5M of which will be bought by Annaly (NLY). The sale is part of Barclays' efforts to shed non-core assets. (PR)