Lenders KKR Real Estate And AllianceBernstein Finance Acquisition Of BioMed Realty For $322M

Two properties located at 1000 Washington Street and 321 Harrison Avenue, situated in the Boston, MA market, were involved in this transaction. The asset type is categorized as office, and it is linked to a loan amount of $322,000,000 specifically for acquisition purposes.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $322,000,000
• Lender 1: Matt Salem - KKR Real Estate
• Lender 2: Seth Bernstein - AllianceBernstein
• Landlord: Tim Schoen - BioMed Realty

KKR Real Estate Finance Trust and AllianceBernstein took ownership of the South End campus after BioMed Realty relinquished the asset tied to the significant loan amount. The key individuals involved include Tim Schoen representing BioMed Realty and the lenders Matt Salem and Seth Bernstein who played pivotal roles in seizing ownership of the properties.