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Ascott Residence Trust gets $50m green loan to finance lyf one-north


SINGAPORE (THE BUSINESS TIMES) - Ascott Residence Trust (ART) has obtained a five-year $50 million green loan from DBS to finance its maiden development project: lyf one-north Singapore.
The 324-unit co-living property was one of the 15 ART properties that attained green certifications in 2020, bringing the stapled group s total number of green properties to 21, the stapled group s managers said in a bourse filing on Thursday (Jan 14).
lyf one-north is slated for completion in the fourth quarter of 2021. It will be fitted with energy-efficient and smart building features, including an energy monitoring system, motion sensors and energy-efficient lighting.
Beh Siew Kim, chief executive of ART s managers, said: Being the first hospitality trust in Singapore to secure a green loan reinforces ART s commitment to do our part for the environment and the communities we operate in. ....

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Mack-Cali Announces Sale of Riverwatch Commons and Crystal House Apartments; Refinances The Emery at Overlook Ridge


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JERSEY CITY, N.J., Jan. 6, 2021 /PRNewswire/  Mack-Cali Realty Corporation (NYSE: CLI) today announces a trio of transactions across its residential portfolio, including the sale of its interests in
Riverwatch Commons in New Brunswick, NJ and
Crystal House Apartments in Arlington, VA, as well as the construction take-out financing of
As we ve said before, moving forward our emphasis will be on our core markets, asset control and thoughtful management of our balance sheet, said
MaryAnne Gilmartin, Board Chair and Interim Chief Executive Officer of Mack-Cali Realty Corporation. Securing permanent financing of The Emery, a building that has nearly stabilized since its 1Q 2020 opening, provides the Company with excess financing proceeds. ....

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