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July 17, 2025

Bowman benefits from $62M refi

Photo by J. Mark Griffith Photography [enlarge]


Developer Legacy Partners opened the 278-unit Bowman, in Fremont, in the summer of 2016. AEW Capital Management owns the building, and jointly announced a new $62 million refinancing package with the lender, PGIM Real Estate. The deal replaces the prior loan, also from PGIM. The new money is part of a two-property deal with AEW, worth $107.2 million, also covering a multifamily building in Charlotte, North Carolina. PGIM's Tom Goodsite said in a statement, “We're proud to provide financing to support these well-located multifamily communities in Charlotte and Seattle, which are two dynamic markets with growing populations and a strong demand for high-quality housing.” AEW's Al Della Porta added, “We look forward to executing our vision and enhancing these communities for residents and investors alike.”




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