March 2, 2026 – CenterSquare is pleased to announce the redemption of two preferred equity investments in multifamily properties. Both Sponsors are repeat borrowers of CenterSquare and experienced owner/operators in their respective geographies.
Class-A Multifamily
Clarksburg, MD |
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- $11.3M preferred equity to finance acquisition and closing costs
- 2021 investment
- 272-unit, garden-style multifamily
- Improved property’s cash flow, increasing NOI 15%
- Redeemed through sale of majority equity interests to new investor
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Class-B Multifamily
Plantation, FL |
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- $13.3M preferred equity to finance acquisition and
closing costs
- 2020 investment
- 345-unit, garden style multifamily
- Renovated and improved cash flow, increasing NOI 86%
- Redeemed through conventional financing
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