Exchange at Blair Stone

Tallahassee, FL

Multifamily Refinance

Exchange at Blair Stone

MULTIFAMILY REFINANCE

ACRES Capital has provided a $52.4 million loan to refinance Exchange at Blair Stone, a Class A multifamily community located at 2200 Blair Stone Road in Tallahassee, Florida.

This property consists of:

• A 300-unit garden-style apartment community
• A mix of one-, two-, and three-bedroom residences designed to serve both professionals and families seeking high-quality housing
• Clubhouse
• Fitness center
• Swimming pool
• Ample surface parking.
• Convenient connectivity to Downtown Tallahassee, Florida State University and Florida A&M University.

$52.4 Million

Loan Amount

Refinance

Loan Product

“Exchange at Blair Stone is a well-located, high-quality multifamily asset in a stable and growing Florida market. The Property’s strong fundamentals, attractive unit mix, and proximity to major employment and educational institutions position it for continued performance.”

- Mark Fogel

Chief Executive Officer and President of ACRES

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.