Prospect Ridge Advisors will be led co-chief investment officers Brahm Cramer and Jay Nydick. Both Cramer and Nydick were most recently partners at AllianceBernstein and founded its US Real Estate Investments group in 2009 and its Commercial Real Estate Debt Group in 2013.

The developers replaced the $90 million construction loan for the newly constructed building where Aetna had once planned to house its headquarters.

Marina Square is a three-asset class mixed-use waterfront development that will include multifamily, hospitality and paid parking which are needed after increases in population and housing demand in Bremerton.

The partnership plans to invest additional capital in the 592-unit garden style apartment community.