Posted Sep 22, 2022, 2:28 AM
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Moderator
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Join Date: Jan 2009
Location: Downtown (West End) 78701
Posts: 11,459
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https://www.hjnews.com/news/state/ca...7ffa4.amp.html
Quote:
NEW YORK, Sept. 21, 2022 /PRNewswire/ -- Affiliates of Cantor Fitzgerald, L.P., ("Cantor") a leading global financial services firm and real assets investment company, and Silverstein Properties ("Silverstein"), a leading global full-service real estate development, investment, and management firm, announce the latest closing of construction financing for an investment by Cantor Silverstein Opportunity Zone Trust, Inc. ("CSOZ Trust").
Cantor and Silverstein, along with their partner Kensington Investment Company, Inc., secured the $176.2 million construction loan from Mack Real Estate Credit Strategies, L.P. for the development of Astra Tower, a 40-story, 377-unit residential project located in a qualified opportunity zone in Downtown Salt Lake City. Excavation and foundation work commenced in Spring 2022, with project completion expected in late 2024.
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