Boston, February 18, 2025
AEW Capital Management (“AEW”), announced today the closing of a $75 million mortgage to refinance the construction loan on The Hadley, a 300-unit Class-A, multifamily building located in the midtown submarket of Atlanta, GA. The project delivered in 2023 and is near stabilization. The Hadley is ideally situated between midtown Atlanta’s top employers and Tech Square, an innovation hub anchored by Georgia Tech serving more than 50,000 students.
"We are excited to collaborate with this experienced fund sponsor and multifamily developer, providing capital for their latest project in midtown Atlanta. The venture secured this in-fill site and developed a product that is resonating with renters," said Tim Clinton, Director at AEW. “With a track record of delivering more than 14,000 units, this established developer continues to thrive in markets like Atlanta. AEW is committed to partnering with high-quality sponsors and investing in top-tier assets like this one."
As an active lender on all types of commercial properties throughout North America, AEW has originated $3.0¹ billion of loans since the AEW Debt Platform was formally established in 2011.
“The Hadley is another example of AEW’s ability to source compelling opportunities in desired Sun Belt markets, where we believe capital markets are facing temporary disruption. Lending on core real estate at today’s valuations should provide strong risk-adjusted returns to investors, especially with this level of borrower, asset, and market quality,” said Justin Pinckney, AEW’s Head of Private Debt.
About AEW
For over 40 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide. As one of the world’s largest real estate investment advisors, AEW and its affiliates manage $86.4 billion in private real estate equity, debt and listed securities across North America, Europe and Asia (as of September 30, 2024).2 Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities.
As of September 30, 2024. AEW includes (i) AEW Capital Management, L.P. and its subsidiaries and (ii) affiliated company AEW Europe SA and its subsidiaries. AEW Europe SA and AEW Capital Management, L.P. are commonly owned by Natixis Investment Managers and operate independently from each other. Total AEW AUM of $86.4 billion includes $40.4 billion in assets managed by AEW Europe SA and its affiliates, $5.3 billion in regulatory assets under management of AEW Capital Management, L.P., and $40.7 billion in assets for which AEW Capital Management, L.P. and its affiliates provide (i) investment management services to a fund or other vehicle that is not primarily investing in securities (e.g., real estate), (ii) non-discretionary investment advisory services (e.g., model portfolios) or (iii) fund management services that do not include providing investment advice.
1Loan origination is from 2011 as of September 30, 2024 for AEW Capital Management.
2Source: “2024 IREI.Q Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2023.