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Pearlstone Partners And Atco Secure $130 Million In Construction Financing From Msd Partners For Vesper
Amount Raised
$130 Million
Round Type
Funding Round
AustinDescription
Austin-based Pearlstone Partners and New York-based ATCO Properties & Management today announced their securing of $130 million in construction financing from MSD Partners, L.P. for Vesper, the 41-story residential high-rise condominiums they are codeveloping at 84 East Avenue in Austin's dynamic Rainey Street Historic District. Pearlstone and ATCO's total investment in the project is $165 million. This is MSD Partners' first financing of a Pearlstone/ATCO project.
Fundz sees it the moment Pearlstone Partners raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Pearlstone Partners raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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