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ACRES Capital, GSP Continue Secondary Market Investment Trend

The two firms are partnering to a $37.5-million loan to fund the construction of The Watermark a mixed-use multifamily property featuring luxury rental units, retail and office space located in downtown Henderson, NV.

By Ted Knutson | September 03, 2021 at 03:00 AM

HENDERSON, NV—ACRES Capital Corp., a commercial real estate middle-market lender, and George Smith Partners, a national provider of capital market services to the commercial real estate industry, have partnered to provide a $37.5 million loan to fund the construction of The Watermark a mixed-use multifamily property featuring luxury rental units, retail and office space located in downtown Henderson, NV a suburb of Las Vegas.

The complex is anticipated to help provide housing for Henderson’s expansion. It was Nevada’s fastest growing city in 2017 and 2018.

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