Investment highlights
- The seven-building portfolio consists of retail, restaurants, event and gallery space as well as a 924-space parking garage.
- The area is considered a top 3 retail destination in Miami with strong historical sales across the entire Miami Design District.
- The Miami Design District is a creative neighborhood and shopping destination with modern architecture and sculptures, upscale galleries, high-end tenants, and renowned restaurants and chefs.
Investment details1
Total loan size
$250,000,000
Purpose
Refinancing
LTV
60%
Square feet
283,276
Portfolio weight
2.0%
Description
Refinancing of seven retail buildings in the heart of the Miami design district