On behalf of Gerding Edlen Development, CBRE’s Debt & Structured Finance team secured acquisition financing for the purchase of Neponset Landing, a 280-unit apartment community located in Quincy, MA.

CBRE’s John Kelly and Pete Marino arranged the acquisition loan through Bank of America on behalf of the client.

“We are pleased to have assisted Gerding Edlen Development with the financing of this community. By creating a competitive market, we were able to secure the best available financing terms to match our client’s business plan,” noted CBRE’s Kelly.

“Neponset Landing offers residents a great transit-centric location with views of the Boston Harbor and city skyline. We look forward to rolling through a planned capital improvement project that will enhance the living experience for each resident,” added Gerding Edlen Development’s Matt Edlen.

With excellent view of both the Boston Harbor and the downtown city skyline, Neponset Landing stands as a premier value alternative to the soaring rental rates found throughout neighboring Boston, which has experienced 5.6% growth in its average apartment rental rate throughout the last year alone. This transit-centric community is situated along Boston’s MBTA Red Line, which boasts the highest ridership figure within the entire MBTA system. The Red Line immediately connects the property to the extensive employment base situated along the southern portion of this subway route.

About Gerding Edlen

Gerding Edlen is one of the nation’s leading real estate investment and development firms focused on highly sustainable urban infill, office, residential and mixed-use properties. Founded in 1996, the firm provides investors and partners the opportunity to achieve investment returns by creating and owning exceptional properties where people can live, work and learn. Uniquely grounded in the

goals of creating transformational buildings, vibrant communities and investment quality assets, Gerding Edlen is committed to building high quality and deeply sustainable properties that ensure enduring value for its investor partners.

About CBRE/New England

CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.