facebook
Traded Co logo
Submit
Daily limit: 0/10

Blackstone Secures $90 Million Loan For Acquisition Of One Greenway In Boston

Property Image
FINANCED
$90,000,000
Adam Spengler
Thomas (Tom) Traynor
Tom Rugg

Massachusetts

See Similar Deals
MultiFamily
Financed 01/27/2025
the dealplayerscompscontact
Property Image
FINANCED

Blackstone Secures $90 Million Loan For Acquisition Of One Greenway In Boston

99 Kneeland Street

See Similar Deals
MultiFamily
Financed 01/27/2025
Adam Spengler
Thomas (Tom) Traynor
Tom Rugg
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

One Greenway is a 21-story, 217-unit luxury apartment tower located at 99 Kneeland Street in Downtown Boston, MA. Blackstone secured a loan amount of $90 million for its acquisition through its subsidiary AIR Communities.

Summary of transaction details:

The transaction involved key participants from Blackstone, comprising Jonathan Gray, Ken Caplan, and Kathleen McCarthy as landlords. The brokerage services were provided by Adam Spengler, Thomas Traynor, and Tom Rugg from CBRE, representing the deal in connection with the acquisition financing.

Players

Thomas (Tom) Traynor
CBRE
Thomas Traynor
39 deals$15B volume
BROKER
Adam Spengler
CBRE
Adam Spengler
10 deals$1.7B volume(908) 839-7632
BROKER
Tom Rugg
CBRE
Tom Rugg
22 deals$8.2B volume(212) 984-8112
BROKER

Details

FINANCED
IMAGE: Jonathan Gray, Ken Caplan, Kathleen McCarthy, Adam Spengler, Thomas Traynor & Tom Rugg DATE: 01/27/2025 ADDRESS: 99 Kneeland Street MARKET: Boston, MA ASSET TYPE: Multifamily ~ UNITS: 217 LENDER: U.S. Bancorp LANDLORD: Jonathan Gray, Ken Caplan & Kathleen McCarthy - Blackstone (@Blackstone) BROKERS: Adam Spengler, Thomas Traynor & Tom Rugg - CBRE (@CBRE) LOAN AMOUNT: $90,000,000 LOAN TYPE: Acquisition NOTE: Blackstone secured $90 million in financing for its acquisition of One Greenway, a 21-story, 217-unit luxury apartment tower in Downtown Boston, through its subsidiary AIR Communities.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$90,000,000.00

Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00