Prospect’s real estate platform provides a $ 12 million capital for multi -family properties in Scotsdale – Citybiz

New York, February 13, 2025 (Globe Newswire) – Prospect Capital Management LPthrough its real estate platform, there is Closed to a preferred investment in equity for recapitalization of McDowell’s Roadrunner, 356-one, stabilized monetary multi-family property in Scotsdale, ArizonaS Built in 2021, the property is owned by a KB Development, a privately owned multi-family operator with headquarters in California with a significant presence in the larger Phoenix area. The property is managed professionally under the guidance of Amber Foster, Coo of the Caspian Properties.

“Prospect’s real estate platform is actively investing capital in high quality multi -family growth -oriented markets, with Scotsdale being an excellent example of the type of subsearch where we perceive attractive long -term foundations,” said Grier EliasekPresident of Prospect and Coo. “This transaction emphasizes our ability to provide flexible and strategic capital to experienced and well -capitalized sponsors and our pipeline with such potential transactions continues to increase.”

“McDowell’s Roadrunner offers a residential resort in a resort style in one of Phoenix’s most fascinating submarkets,” said Joseph Ryu, Director and Head of Prospect Credit Credit Platform Credit Loans. “With the proximity to the Old Town of Scotsdale, Roadrunner is a highly amenitated asset in the desired market with strong secular demand.”

Peter Kladuskin and Ian Hawk in Lumet are descended from the senior loan of Freddie Mack.

For Prospect Capital Management LP

Prospect, based in New York, is registered by SEC investment advisor who, along with its predecessors and branches of closed closed closed type closed type closed closed closed type closed type closed type closed closed closed closed type closed closed type closed closed type closed type that is traded with closed type and publicly traded with closed element with closed element , which is traded closed, and publicly traded in a closed element in a closed element and publicly traded closed one end and publicly traded closed one-end one-end and publicly traded one-end one-end and publicly traded closed closed One-end and publicly traded closed type structures. Prospect and its branches work a team of 150 professionals and offer investment solutions in loan, private capital and real estate.

Prospect’s real estate platform invests in an American commercial real estate loan, including senior mortgages, mezzanine loans and preferred investments in equity. As of December 31, 2024, Prospect and its affiliates invested in over 32,000 multi -family units, with an initial property value of $ 3.5 billion and realizing 36 multi -family investments.

Prospect, along with its affiliates, has $ 8.3 billion regulatory assets as of December 31, 2024. For more information, call (212) 448-0702 or visit www.prosspectcap.comS