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In September 2020, Crescent Sky partnered with a multibillion-dollar asset manager to purchase mezzanine debt on 25 Senate, a 265-unit multifamily apartment complex in Jersey City, NJ. The debt was purchased at a discount to par. Occupancy ending 12/31/2020 was a robust 97%. The asset was sourced, underwritten, and executed by Crescent Sky.
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