Klein Enterprises Lands $85M for Largo Apartment Complex
Klein Enterprises, a real estate investor, developer, and operator, has secured an $85 million loan for the development of Aura, a luxury apartment complex in Largo, Maryland.
The transit-oriented project comprises 379 Class A apartments with a total development cost exceeding $125 million. The financing was arranged by LGA Capital and provided by Northwestern Mutual. “Aura represents a substantial milestone for Klein Enterprises, not only for the project’s scope and commitment to sustainable living but also for the financing secured during these uncertain times,” said Sean Garland, Klein’s CIO.
Aura, featuring amenities like a pool, fitness center, and green initiatives like a rooftop solar array, the property will be managed by The Dolben Company upon completion.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.