• Mon. Dec 11th, 2023

    Private Equity Firm Supports Another Boston Real Estate Deal

    ByNuala Hafner

    Nov 20, 2023
    Private Equity Firm Supports Another Boston Real Estate Deal

    Boston’s real estate market continues to thrive as private equity firm, Cottonwood Group, demonstrates its unwavering commitment by providing funds for another significant commercial property deal in the city. In a recent statement, Cottonwood announced it has lent $240 million in senior mortgage financing to the St. Regis Residences, a luxury multifamily tower developed by Cronin Development in Boston’s Seaport District.

    The chairman and CEO of Cottonwood Group, Alexander Shing, expressed his enthusiasm about the partnership with Cronin Development and the St. Regis Residences project. He also highlighted the success of their EchelonSeaport project, which has fueled their optimism for Boston’s real estate market. This investment is just one of many ongoing ventures for Cottonwood in the city, establishing the Seaport District as one of Boston’s top living destinations.

    This collaboration not only demonstrates Cottonwood Group’s dedication to the flourishing Boston real estate market but also showcases its ability to provide senior financing for large-scale luxury developments. Jon Cronin, CEO of Cronin Development, expressed excitement about the partnership with Cottonwood, emphasizing their shared belief in the long-term value of Boston’s commercial real estate market.

    In addition to the St. Regis Residences project, Cottonwood has also collaborated with Madison Realty Capital in New York City. In this collaboration, Cottonwood provided a $50 million mezzanine loan for Boris Kuzinez’s Five Points Development located at 262 Fifth Avenue. This project, known as the city’s skinniest supertall residential building, demonstrates Cottonwood’s expertise and ability to navigate complex projects within its target markets.

    Cottonwood Group’s Chairman and CEO, Alexander Shing, emphasized the breadth of their platform, highlighting their ability to provide senior financing in Boston and mezzanine financing in New York City. They continually seek opportunities throughout the capital structure to identify optimal risk-adjusted returns for their investors while delivering creative solutions to their clients.

    As the real estate industry experiences a slowdown, Cottonwood Group stands out for its forward-looking approach, delivering financing solutions tailored to the specific needs of each project. Their ability to act as a lender, investor, operator, and sponsor of real estate investments of all sizes and complexities sets them apart.


    Q: How much did Cottonwood Group lend to the St. Regis Residences, Boston project?
    A: Cottonwood Group lent $240 million in senior mortgage financing to the St. Regis Residences, Boston.

    Q: Who is the CEO of Cronin Development?
    A: Jon Cronin is the CEO of Cronin Development.

    Q: What is the aim of Cottonwood Group?
    A: Cottonwood Group is a private equity real estate investment firm focused on equity and debt opportunities across all property sectors and geographies.

    Q: Where is Cottonwood Group headquartered?
    A: Cottonwood Group is headquartered in Los Angeles.

    Q: What is Cottonwood Group’s investment range for U.S. real estate opportunities?
    A: Cottonwood Group targets U.S. real estate opportunities with a capitalization of up to $1 billion.