BLUESTONE CAPITAL REAL ESTATE HONORED BY NJPA REAL ESTATE JOURNAL AND PHILADELPHIA BUSINESS JOURNAL
Philadelphia, PA – March 22, 2007 —
BlueStone Real Estate Capital is the recipient of two prestigious awards this year from both the NJPA Real Estate Journal and the Philadelphia Business Journal.
The first award is the NJPA Real Estate Journal’s Small Business “Deal of the Year” Award for securing $60,800,000 in highly structured permanent financing for The Edge at Avenue North. The 1,200 bed, state-of-the-art student housing facility,
developed by an affiliate of Tower Investments, is the largest single-structure student housing building in Pennsylvania. While the award was for the small business category, BlueStone’s transaction was larger than both the medium and large business transactions combined. BlueStone also secured the construction loan for the student housing facility, which is located at the gateway of Temple University's Philadelphia main campus. Matthew McManus, chairman of BlueStone Real Estate Capital, and Kris Wood, senior director, structured the financing and led the negotiations on behalf of the borrower.
In addition, Matthew McManus, BlueStone’s chairman, is the recipient of Philadelphia Business Journal’s prestigious 40 Under 40 Award, a program that recognizes 40 Philadelphia area executives under the age of 40 who are proven performers and leaders within in their respective industries and communities. Under McManus’ leadership, BlueStone Real Estate Capital has become synonymous with high profile financing mandates for developments and properties in the Philadelphia market. In addition to The Edge at Avenue North, other examples include the Westin Hotel, Drexelbrook Apartment Complex, Presidential City Luxury Apartment Complex, Einstein One Medical Center, Plymouth Meeting Office Park and Korman Christina Mills Apartment Complex.
“BlueStone has discreetly provided its services for years and is always welcome to be recognized as a standout among our
peers”, said Matthew McManus. “It has been an incredibly productive year for our firm completing high-level deals like The Edge at Avenue North and launching our new company, BlueStone Real Estate Capital.”
About BlueStone Real Estate Capital
BlueStone Real Estate Capital is a commercial real estate investment banking firm that secures innovative debt, mezzanine, equity and sponsor financing for the nation’s top-tier investors, operators, owners and developers. Leveraging its up-to-the-minute market knowledge, credibility and relationships with highly regarded institutional financing sources, BlueStone specializes in closing complex deals for sophisticated clients.
The first award is the NJPA Real Estate Journal’s Small Business “Deal of the Year” Award for securing $60,800,000 in highly structured permanent financing for The Edge at Avenue North. The 1,200 bed, state-of-the-art student housing facility,
developed by an affiliate of Tower Investments, is the largest single-structure student housing building in Pennsylvania. While the award was for the small business category, BlueStone’s transaction was larger than both the medium and large business transactions combined. BlueStone also secured the construction loan for the student housing facility, which is located at the gateway of Temple University's Philadelphia main campus. Matthew McManus, chairman of BlueStone Real Estate Capital, and Kris Wood, senior director, structured the financing and led the negotiations on behalf of the borrower.
In addition, Matthew McManus, BlueStone’s chairman, is the recipient of Philadelphia Business Journal’s prestigious 40 Under 40 Award, a program that recognizes 40 Philadelphia area executives under the age of 40 who are proven performers and leaders within in their respective industries and communities. Under McManus’ leadership, BlueStone Real Estate Capital has become synonymous with high profile financing mandates for developments and properties in the Philadelphia market. In addition to The Edge at Avenue North, other examples include the Westin Hotel, Drexelbrook Apartment Complex, Presidential City Luxury Apartment Complex, Einstein One Medical Center, Plymouth Meeting Office Park and Korman Christina Mills Apartment Complex.
“BlueStone has discreetly provided its services for years and is always welcome to be recognized as a standout among our
peers”, said Matthew McManus. “It has been an incredibly productive year for our firm completing high-level deals like The Edge at Avenue North and launching our new company, BlueStone Real Estate Capital.”
About BlueStone Real Estate Capital
BlueStone Real Estate Capital is a commercial real estate investment banking firm that secures innovative debt, mezzanine, equity and sponsor financing for the nation’s top-tier investors, operators, owners and developers. Leveraging its up-to-the-minute market knowledge, credibility and relationships with highly regarded institutional financing sources, BlueStone specializes in closing complex deals for sophisticated clients.
