The 46-story Midtown tower is 56% pre-leased and carries $1.2 billion in construction financing, Commercial Observer reported.
Boston Properties closed the sale of a 10.6% interest in 343 Madison Avenue to AVRS Partners, our records show.
Commercial Observer reported that the 46-story Midtown tower is 56% pre-leased and carries $1.2 billion in construction financing.
The report does not disclose the price AVRS paid for the stake.
Reported by The Wrap desk from Commercial Observer and our records. Published . Corrections
The 46-story Midtown project is 56% pre-leased and has $1.2 billion in construction financing, Commercial Observer reported.
The 46-story Midtown tower is 56% pre-leased and has secured $1.2 billion in construction financing, Commercial Observer reported.
BXP closed a 10.6% stake sale in 343 Madison Avenue at a $2 billion valuation; Aviator House opened as Washington, D.C.'s first completed Housing in Downtown conversion.
BREIT raised $1.3 billion while real estate AUM slipped to about $309 billion.
The trust is down to six properties and 1,842 units, with three months to sell, per Multifamily Dive.
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