PGIM Real Estate Secures $132 Million Financing for Boston's Viridian Tower
July 22, 2025 - 19:55
BOSTON—PGIM Real Estate has announced it has provided $132 million in floating-rate financing to The Abbey Group to refinance The Viridian, a 342-unit Class A multifamily high-rise located in Boston’s Seaport District. This significant financial backing underscores the growing demand for high-quality residential spaces in urban areas, particularly in vibrant neighborhoods like Seaport.
The Viridian features modern amenities and is strategically positioned to cater to the needs of city dwellers, making it an attractive option for both renters and investors. The financing will enable The Abbey Group to enhance the property further and maintain its competitive edge in the bustling Boston real estate market.
As cities continue to evolve post-pandemic, multifamily developments such as The Viridian are becoming increasingly vital in addressing housing shortages. This financing initiative highlights the commitment of PGIM Real Estate to support urban development and provide quality living options in key metropolitan areas.
MORE NEWS
July 21, 2026 - 11:58
EXCLUSIVE: Yolanda Hadid Quietly Delists $11 Million Pennsylvania Farm—as Former Reality Star U-Turns on Plans To SellFormer `Real Housewives of Beverly Hills` star Yolanda Hadid has quietly taken her sprawling Pennsylvania farm off the market, reversing her earlier decision to sell the property. The 30-acre...
July 20, 2026 - 18:45
JLL arranges $617 million in total capitalization for Grubb PropertiesJLL`s Capital Markets division has closed on a significant financing package totaling $617 million for two real estate investment trusts managed by Grubb Properties, along with a major development...
July 20, 2026 - 05:10
AWP Fund Offers High Yield But Raises Questions on SustainabilityThe Abrdn Global Premier Properties Fund, trading under the ticker AWP, continues to attract income-focused investors with its eye-catching 11.7 percent distribution yield. However, a closer look...
July 19, 2026 - 20:17
Billionaires like Ken Griffin are moving to Miami—but middle-class earners can’t copy them and reap the same benefits, real estate experts sayReal estate experts say middle-class earners hoping to follow billionaires like Ken Griffin to Miami are better off renting than buying, as the city`s housing market becomes increasingly...