RM Communities and Crawford have secured a $30.5 million acquisition loan for Xander on State, a 229-unit multi-housing community in Columbus, Ohio.
JLL worked on behalf of the borrower to secure the loan through ACRE.
Xander on State, situated at 265 East State St. in downtown Columbus's vibrant Discovery District, offers an urban setting with access to major employers, educational institutions, city parks, dining and entertainment. The property is strategically located adjacent to OhioHealth Grant Medical Center and near Nationwide Children's Hospital, both undergoing significant expansions.
Xander on State, which was completed in 2020, offers a mix of studio, one-bedroom and two-bedroom units. The property features 2,681 square feet of ground-floor retail space and boasts an array of desirable community amenities including a pool, entertainment area, fitness center and theater room providing residents with a luxurious urban living experience.
