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Refinancing follows $20M modernization of historic building, focused on sustainability, wellness, and amenities.
Marks fifth deal into Grosvenor's True North III Partnership.
The transaction represents the fourth deal within Grosvenor’s True North III Partnership, established in July with $300M to invest in equity and equity-like opportunities.
Grosvenor acquired the multifamily rental property in 2015 and subsequently completed an extensive repositioning program.
Marks third deal into Grosvenor's True North III Partnership.
Partnership to fund residential and mixed-use developments in U.S. and Canada. Commitment redoubled with additions to senior leadership in capital markets team.
Guberer to lead capital markets activities in North America from Washington, D.C. office.
Supports success of community-focused restaurateur.
As part of the Company’s global efforts to help mitigate climate change, Grosvenor Americas announces their membership with Urban Land Institute’s Greenprint Center for Building Performance.