GAIA Real Estate Seeking $215M in Financing for Multifamily Portfolio

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GAIA Real Estate is in the market seeking $215 million in financing for the Harbor Point portfolio, four multifamily buildings comprising nearly 1,000 units in Stamford, Conn., Commercial Observer has learned. 

Cushman & Wakefield has been retained to procure the financing with a team led by John Alascio, Alex Hernandez, Alex Lapidus and Chris Meloni.

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The four apartment buildings are at 301 Commons Park South, 111 Towne Street, 110 Towne Street and 120 Towne Street in Stamford. The portfolio consists of a mix of 989 studio, one-bedroom, two-bedroom and three-bedroom units ranging from 544 square feet to 1,429 square feet. Each building features parking, pools, club rooms, multiple lounges and fitness centers, according to a release. 

“The Harbor Point portfolio consists of four premier Class A multifamily buildings situated in Stamford’s sought-after South End,” Alascio said in a prepared statement. “The portfolio’s best-in-class amenities coupled with its strategic location within a 10-minute walk to the Stamford Transportation Center makes it an excellent opportunity for lenders.”

Manhattan-headquartered GAIA Real Estate Holdings was founded in 2009 by Danny Fishman and Ken Woolley. Investing in both core-plus and value-add multifamily opportunities, its portfolio today comprises roughly 19,000 apartments nationwide. 

Officials at GAIA Real Estate did not immediately respond to a request for comment.

Emily Fu can be reached at efu@commercialobserver.com.