New York Life Real Estate Investors originates $75 million mortgage loan secured by SouthLawn Apartments Lawrenceville, Georgia.
New York, May 3, 2021—New York Life Real Estate Investors today announced the financing of SouthLawn Lawrenceville, a 430-unit apartment community with 14,712 square feet of ground floor retail space. The property is located adjacent to the Lawrenceville Lawn, an outdoor park for city events and concerts and two blocks south of downtown Lawrenceville which has restaurants and breweries, a variety of shops and retail uses, entertainment venues and the historic Gwinnet County Court.
“We are thrilled to have the opportunity to provide acquisition financing for this best-in-class property which is located 25 miles northeast of Atlanta in downtown Lawrenceville, the county seat of Gwinnett County,” said Randall Hall, Senior Director in New York Life Estate Investors’ Southeast Regional Office.
Alexandra Huffman, Justin Nelson and Lynn Pearson of Walker & Dunlop arranged financing on behalf of the buyer, national real estate investment sponsor Capital Square.
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 $61.3 billion in assets under management as of December 31, 2020, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S.1
1Real Estate Investors AUM of $61.3B is gross and includes AUA ($1.3B) as of 12/31/2020. Net AUM for Real Estate Investors is $60.6B as of 12/31/2020.
About Capital Square
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since 2012, Capital Square has completed more than $2.8 billion in transaction volume. Capital Square’s related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors.
New York Life Insurance Company