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September 25, 2025

Colliers finds $42M for Shoreline units

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Postmark

As the DJC reported earlier this month, the 5-year-old Postmark apartments then sold for over $82 million to John Stephanus and his Epic Asset Management. Kidder Mathews represented the new owner of the 243-unit Postmark, and JLL represented the seller and original developer, Wolff. But there's another name in the honor roll. Colliers says its Mark Plenge sourced the $42 million acquisition loan from Nationwide Life and Annuity Insurance. The fixed-rate note has a 30-year term. Stephanus said in a statement, “Working with Colliers Mortgage on the financing for the Postmark was a smooth and efficient process because Mark and his team brought deep market insight and had a clear understanding of our long-term vision for the project and our portfolio overall.” Said Plenge, “This transaction is a great example of how creative structuring can unlock value, even in a challenging rate environment.”




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