Ares Management Provides $450 Million Refinance Loan For Brooklyn Multifamily Asset The Riverie

The property asset involved in this transaction is a multifamily residential building located at 18 India Street, known as The Riverie, situated in the Brooklyn market. The asset encompasses a total square footage of 788,000 and contains 834 residential units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $450,000,000
• Loan Amount: $450,000,000
• Loan Type: Refinance
• Address: 18 India Street - The Riverie
• Market: Brooklyn
• Lender: Ares Management
• Landlord: Tony Lombardo, Lendlease & Aware Super
• Landlord's Representatives: Thomas Traynor, Tom Rugg, Peter Griesinger & Arman Samouk - CBRE

The deal involves key figures including the landlord Tony Lombardo, who is associated with Lendlease and Aware Super. The landlord's representatives are noted for their role in the transaction, consisting of Thomas Traynor, Tom Rugg, Peter Griesinger, and Arman Samouk from CBRE.