PGIM Real Estate, a leading real estate investment management firm, has provided $114.61 million in fixed-rate financing for The Ventana, a luxury multifamily property located in the highly desirable Playa Vista community. The financing was secured on behalf of Barings Real Estate through PGIM’s core lending strategy.
According to Tom Goodsite, managing director at PGIM Real Estate, “We are thrilled to have been able to provide this financing for The Ventana project. As the market continues to rebound and stabilize after the challenges of COVID-19, we are confident in our investment and excited about the potential opportunities that Playa Vista offers.”
The beachfront community features 405 units and was originally built in 2007. Its prime location near Silicon Beach makes it especially attractive for high-paying tech employers and contributes to its strong demand for multifamily housing.
Connect Orange County is set to take place on September 27th at VEA | Newport Beach Marriott alongside Connect Healthcare Real Estate on September 27th and 28th. To register for Connect Orange County or Connect Healthcare Real Estate events please visit their respective websites: [insert links here]. Stay tuned with us as we bring you more updates from these exciting events!
