PGIM Real Estate Provides $188M Loan For Tower Companies' Multifamily Portfolio In Silver Spring

The Blairs, a five-property multifamily portfolio located at 1401 Blair Mill Road in downtown Silver Spring, Maryland, has secured $188 million in fixed-rate financing from PGIM Real Estate, according to the loan transaction dated November 13, 2023.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $188,000,000
• Units: 1,396
• Market: Silver Spring, MD

Trevor Arnholt of PGIM Real Estate represented the lender in this transaction, providing the significant loan to Tower Companies, represented by Brian Abramson, the landlord of The Blairs. Tower Companies owns the five-property multifamily portfolio in downtown Silver Spring.

It is noteworthy that PGIM Real Estate, a leading real estate investment management firm, has provided The Blairs with $188 million in fixed-rate financing for their multifamily portfolio in downtown Silver Spring, Maryland.