Transaction Overview
George Smith Partners arranged $24,100,000 in non-recourse senior debt for a 168-unit Class-A multifamily acquisition in the St. Louis MSA, delivered in 2023. The financing supports a value-add strategy targeting lease-up stabilization and mark-to-market rent implementation. The acquisition presents upside through absorbing remaining vacancy and implementing targeted capital improvements including rooftop terrace upgrades, leasing office remodeling, enhanced security systems, and additional amenities.
