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Andrew Mathias, president and director of the firm, said on its second quarter call that the second quarter was another strong quarter and points out that the REIT is fully executing on a plan to drive value across its portfolio.
The loan was originated by the recently launched CrossHarbor Senior Debt Income Fund, an open-end fund focused on the origination of debt investments secured by institutional-quality US real estate.
Virgata Commons, a 14-acre mixed-use project at the corner of FM 518 and FM 528, will consist of Phase 1 with three pad sites as well as more than 20,000 square feet of retail space.