Blackstone Acquires Multifamily Property In Boynton Beach For $108M With Loan From Wells Fargo

Wells Fargo has provided a loan of $108,000,000 for the acquisition of a multifamily property located at 5712 Heritage Grande in Boynton Beach. The property consists of 160 units and is owned by Blackstone, represented by Stephen A. Schwarzman. The loan transaction took place on November 1, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $108,000,000
• Units: 160
• Address: 5712 Heritage Grande, Boynton Beach
• Market: Boynton Beach
• Lender: Wells Fargo
• Landlord: Blackstone - Stephen A. Schwarzman

The loan provided by Wells Fargo played a crucial role in the acquisition of the 160-unit multifamily property at 5712 Heritage Grande in Boynton Beach. Blackstone, represented by Stephen A. Schwarzman, serves as the landlord. This transaction indicates the strong investment interest in Boynton Beach's multifamily market and highlights the involvement of prominent figures like Stephen A. Schwarzman in real estate deals.