Connect with us

Financing

Centurion buys 200 West 72nd Street for $227M

KKR provided the financing

200 West 72nd Street (Credit: StreetEasy)

Centurion has closed on its acquisition of 200 West 72nd Street from TIAA for $227.2 million. The Upper West Side rental property spans 251,084 square feet, and contains 196 apartments.

Acquisition financing: Centurion secured a $204 million loan from KKR Real Estate Finance to close the deal, according to the CO. The new loan refinances $158.9 million in previous debt, and also provides a $53.9 million gap mortgage, a $27.4 million building loan, and an $18.1 million project loan.

Flashback: The teacher’s pension fund paid $209 million for the property in 2011.

Continue Reading
To Top