ACRES Provides $72 Million for Multifamily Property in Columbus, OH
JULY 29, 2025Loan to refinance three multifamily/mixed-use properties, totaling 347 units.
Columbus, OH (July 29th, 2025) – ACRES Capital Corp. (together with its affiliates, “ACRES”) announced that it has funded a $72 million loan to refinance the GVX Portfolio, three multifamily/mixed-use properties, located in Columbus, OH. The Portfolio consists of a combined total of 347 units and 51,138 SF of retail space, and are part of a larger development known as Grandview Crossing Master Planned Development, a 55-acre mixed-use buildout. The Sponsor for this deal is Thrive Companies, led by Mark & Eric Wagenbrenner. Thrive currently has 18 communities and over 3,200 units in their Columbus, OH portfolio.
“The financing of the GVX Portfolio exemplifies our commitment to partnering with best-in-class sponsors who create lasting, community value,” Chief Executive Officer and President Mark Fogel stated. “Thrive Companies has transformed this site into a mix of Class A, modern residences and new retail space adding meaningful economic momentum to Grandview Crossing and the broader Columbus market.”
