Acuity Capital lands $324M refi on 28-building multifamily portfolio

Properties are largely concentrated in Manhattan and evenly split between market rate and rent stabilized buildings

Feb.February 21, 2020 05:14 PM
201 West 92nd Street and 78 Riverside Drive (Credit: Google Maps)

201 West 92nd Street and 78 Riverside Drive (Credit: Google Maps)

Acuity Capital Partners has landed a $324 million refinancing for a portfolio of 28 multifamily buildings in New York City, according to sources familiar with the deal.

The money comes from CCRE and Key Bank, and the vast majority of the properties are located in Manhattan, including at 201 West 92nd Street, 200 West 93rd Street and 78 Riverside Drive. The refinancing also went to 480 Humboldt Street in East Williamsburg.

The portfolio is split about 50/50 between rent-stabilized and market rate properties.

Commercial Observer first reported news of the transaction.

Henry Bodek of Galaxy Capital brokered the deal. He declined to comment on it. Representatives for Acuity Capital, CCRE and Key Bank did not respond to requests for comment.

CCRE just provided the Chetrit Group with $112 million in refinancing for its Hotel Bossert project at 98 Montague Street in Brooklyn Heights in December.

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