Affinius Capital LLC today announced that it has originated a $73.4 million loan to finance the ground-up development of Rockpointe at Quarry Trails, a to-be-built, 8-building, Class A, multifamily property in Columbus, OH featuring 486 garden-style apartments. The loan was made to Thrive Companies, a Columbus based developer, owner, and operator of commercial real estate assets.
This multifamily project will be the fourth phase of the Quarry Trails mixed-use development, which is owned by Thrive. Affinius Capital previously provided a bridge loan for the first phase of the master plan.
Affinius Capital Managing Director David Greenburg commented, “We value our continuing relationship with Thrive Companies through this new collaboration in Columbus. Quarry Trails is an exceptional development, well-positioned to attract residents in the growing Columbus market who will benefit from the neighborhood’s desirable locationand recreational offerings.”
Upon completion Rockpointe at Quarry Trails will be among the highest quality multifamily properties in the Columbus market. The apartments will feature walk-in closets, granite countertops, luxury vinyl plank flooring, ceramic tile bathroom floors, stainless steel appliances, and in unit washers/dryers. Property amenities will include a community kitchen, gaming areas, coworking facilities, a swimming pool, and cabanas.
The 85-acre mixed-use Quarry Trails development will include 1,045 apartments, 600 for-sale homes, 28,000 square feet of class A office space, and 30,000 square feet of retail and restaurant space. Located within a natural, unmanicured 220-acre metro park, a prominent feature of the development, residents will have access to amenities such as kayaking, rock climbing, mountain biking, and more. The development will also offer “green” features including energy-efficient homes, ecological stormwater management, and native landscape plantings.
About Affinius Capital LLC
Affinius Capital® is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $64 billion in gross assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.
