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New York City-based Newmark has arranged a $533 million loan for the refinancing of a multifamily portfolio located across six states in the Sun Belt. Boston-based investment firm West Shore is the borrower.
Totaling 2,806 units, the portfolio comprises nine Class A, garden-style multifamily communities. The properties include:
Parker East Village (Lady Lake, Fla.)
Uptown Village (Gainesville, Fla.)
The Sovereign Apartments (Fort Worth, Texas)
The Preserve at Godley Station (Pooler, Ga.)
Bridle Creek Apartments (Lexington, Ky.)
The Pointe at Five Oaks (Lebanon, Tenn.)
17 South Apartments (Charleston, S.C.)
Vantage at Wildwood (Columbia, S.C.)
Slate Nexton Apartments (Summerville, S.C.)