PPG, BH3 Ink $225M Refi on Hallandale Beach Apartments

  • 3/17/2025

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PPG Development and BH3 Management secured a $225 million refinancing for Slate Hallandale Beach, a 250-unit luxury residential tower that was completed in 2022. J.P. Morgan and Monroe Capital provided the financing.

PPG Development and Premium Capital Resources purchased the site and adjacent property, which is now known as Shell Bay Club. Upon completion in 2022, BH3 Management acquired a 50% ownership interest in the property.

BH3 Management
Zachary Bennett | Managing Director, Acquisitions/Investments

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