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GTIS Partners Announces Origination of $146 million Loan to Extell Development for Upper East Side Condo Inventory
March 2, 2021 GMT
NEW YORK, March 2, 2021 /PRNewswire/ GTIS Partners LP (“GTIS”) today announced that it will be providing a $146 million inventory loan to Extell Development (“Extell”) to refinance the remaining units in The Kent, a fully completed 104-unit, 210k square foot, 30-story residential condominium tower with ground floor retail in Manhattan’s Upper East Side. The loan will be made in partnership with Blackstone Real Estate Debt Strategies. The property is located in the highly coveted Upper East Side of Manhattan on the corner of 95th Street and Third Avenue. The Upper East Side offers proximity to Midtown Manhattan and Central Park in addition to top-tier public and private schools. The property contains an extensive amenity offering, including a 55-foo
Press release content from PR Newswire. The AP news staff was not involved in its creation.
GTIS Partners and Hopewell Development LP Announce Closing of Industrial Project in Dallas Fort Worth, Texas
January 26, 2021 GMT
NEW YORK, Jan. 26, 2021 /PRNewswire/ GTIS Partners LP (“GTIS”), a real asset investment and development firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris and Munich, along with Hopewell Development LP (“Hopewell”), a development company based in Calgary, today announced closing on the development of Champions Circle Business Park, a 361k square foot class-A industrial park located in Dallas Fort Worth, Texas.