GTIS, Blackstone provide $146m loan for Manhattan condos

GTIS Partners joined up with Blackstone Real Estate Debt Strategies to provide a $146 million inventory loan that will allow Extell Development Company to refinance the remaining units of The Kent, a condominium and retail tower in Manhattan's Upper East Side.

The Kent boasts art deco-inspired design by an award-winning architect, lavish amenities including a 55-foot indoor heated pool, and proximity to elite schools, shops and cultural institutions. There are 104 condos across its 30 stories, of which 83 are offered at market and 21 are classified as affordable. The market-rate units . . .

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