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GIM Real Estate has provided $132 million in floating-rate financing to The Abbey Group for the refinancing of The Viridian, a 342-unit Class A multifamily high-rise in Boston's vibrant Fenway neighborhood. Amy Lousararian, Managing Director at JLL Capital Markets, arranged the transaction through PGIM's core lending strategy.

    The financing will support the continued enhancement and long-term positioning of this luxury residential property, which has become synonymous with upscale urban living in Boston. "We're excited to provide financing for this dynamic residential project," said Michelle Liu, Executive Director at PGIM Real Estate. "With its thoughtfully designed residences, expansive amenity spaces, and direct access to world-class amenities, The Viridian reflects the type of high-quality urban living experience we seek to back."

    The property features open floor plans, floor-to-ceiling windows, and designer kitchens with Blomberg appliances. Residents enjoy premium amenities such as a two-story atrium with 24/7 concierge service, rooftop decks with panoramic city views, a state-of-the-art fitness center, coworking and social lounges, on-site parking, and ground-floor retail.

    Located in the heart of Fenway, The Viridian offers immediate access to world-renowned medical centers, shopping, arts, and cultural venues, as well as the MBTA, Masco Shuttle, and Blue Bikes. "We're proud to have secured this new financing that will allow us to continue enhancing the property for our residents and investors," said Shane Baron, Co-CEO of The Abbey Group.

    This latest financing reflects PGIM Real Estate's ongoing commitment to supporting premier multifamily assets in high-demand urban markets like Fenway, which continues to see strong residential and retail demand due to its proximity to academic, medical, and cultural institutions.