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Development Financing Arranged for Bay Meadows MF

An affiliate of Stockbridge Capital Group and Wilson Meany secured $48.64 million in financing for the development of The Morgan at Bay Meadows, an 82-unit, Class A multifamily project in San Mateo, CA. The project is expected to deliver in summer 2020.

The mid-Peninsula site is situated southwest of the U.S. 101 and Highway 92 interchange. The transit-oriented property is just north of the Hillsdale Caltrain station, within the pedestrian-friendly Bay Meadows master-planned community.

A mix of two and three-bedroom units are located above a single-story, below-grade secured parking garage. Amenities will include a central gathering space with an entertaining kitchen, library and game room; a lushly-landscaped courtyard; fitness and meditation studio; storage facilities; bike storage; and park views.

HFF’s Bruce Ganong, Chris Gandy and Bercut Smith arranged the floating-rate construction loan through Union Bank.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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