ACRE has provided a $52.7 million loan against the newly constructed Johnstown Plaza, with 252 units in Johnstown, Colo., which is about 50 miles north of Denver. The loan helped facilitate the property’s $73.1 million, or $290,079/unit, purchase by a venture between Graycliff Capital Partners of Greenville, S.C., and Buligo Capital Partners of Haverford, Pa. […]

The post ACRE Lends $52.7Mln to Fund $73.1Mln Purchase of Colo. Apartments appeared first on Commercial Real Estate Direct.