Capitaland Gets $43M Atlanta Student Community Loan

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PGIM Real Estate provided the financing for the 525-bed property which sold for $95 million earlier this year. : CapitaLand has secured $42.5 million in financing for Paloma West Midtown, a 525-bed student housing property in Atlanta. PGIM Real Estate originated the loan which matures in 2028, public records show. According to Yardi Matrix, CapitaLand acquired the 2019-built asset in March from The Preiss Co. for $93.7 million. The asset is the investor’s first student housing acquisition. CapitaLand, one of Asia’s largest diversified real estate groups, purchased the property through Residence Trust, its wholly owned subsidiary.

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