New York Life Real Estate Investors originates $66 million mortgage loan secured by Gateway Arvada Ridge Denver, Colorado.
New York, February 4, 2021—New York Life Real Estate Investors announced today the financing of Gateway Arvada Ridge, a 296 unit apartment complex located in the Arvada suburb of Denver, Colorado. The two and four story Class-A property was completed in 2019 and offers residents top quality interior and common area amenities. The transit oriented development provides residents with quick and convenient access to both the Denver CBD and suburbs due to its location adjacent to the Denver RTD Arvada Ridge station.
“We are thrilled to once again offer financing to The Praedium Group on this recent vintage, well located and beautifully appointed property. With its strong sponsorship, luxury amenities and walking distance location to an RTD station, we are confident Gateway Arvada Ridge is well positioned for success into the future,” said Scott Portnoy, Senior Director in New York Life Real Estate Investors’ Southwest Regional Office.
About New York Life Real Estate Investors
New York Life Real Estate Investors is a division of NYL Investors LLC, a wholly-owned subsidiary of New York Life Insurance Company. For more information, please visit the New York Life Real Estate Investors website: http://www.newyorklife.com/realestateinvestors.
New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans and commercial mortgage backed securities. With over $60 billion in assets under management as of September 30, 2020, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S.1
1Real Estate Investors AUM of $60.0B is gross and includes AUA ($1.4B) as of 9/30/2020. Net AUM for Real Estate Investors is $59.4B as of 9/30/2020.
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