A total of 11 of the 14 multifamily assets in the Princeton Portfolio are located in Massachusetts.
LOWELL, MA—Locally-based Princeton Properties Management has secured $164 million in funding to refinance its 14-property Princeton Portfolio located in Greater Boston and suburban New Hampshire.
The refinancing deal was announced by PGIM Real Estate Finance, which provided a $164-million Fannie Mae loan to Lowell-based Princeton Properties Management.
A total of 11 of the assets are located throughout Middlesex County, Essex County and Worcester County, MA, with the remaining three assets located in Keene, NH. The Massachusetts properties are all within submarkets where subclass vacancy rates are below 5%. The Princeton Portfolio totals 1,620 housing units.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
