RXR was featured in Commercial Observer following the firm’s $45 million loan to recapitalize District Montvale, a 308-unit multifamily property in Montvale, N.J. The piece highlights RXR’s expanding role as a source of flexible capital, as the firm continues to diversify beyond its traditional development and property management business.
The $45 million in financing was provided through RXR’s $500 million partnership with the North Carolina Investment Authority to provide debt capital across real estate projects, primarily in the New York metropolitan region. The deal adds to RXR Capital Solutions momentum with the firm having closed more than $1.5 billion in transactions through the platform over the past two years and invested in more than 10,000 multifamily units.
