PGIM Real Estate Secures $132 Million Financing for Boston's Viridian Tower

July 22, 2025 - 19:55

BOSTON—PGIM Real Estate has announced it has provided $132 million in floating-rate financing to The Abbey Group to refinance The Viridian, a 342-unit Class A multifamily high-rise located in Boston’s Seaport District. This significant financial backing underscores the growing demand for high-quality residential spaces in urban areas, particularly in vibrant neighborhoods like Seaport.

The Viridian features modern amenities and is strategically positioned to cater to the needs of city dwellers, making it an attractive option for both renters and investors. The financing will enable The Abbey Group to enhance the property further and maintain its competitive edge in the bustling Boston real estate market.

As cities continue to evolve post-pandemic, multifamily developments such as The Viridian are becoming increasingly vital in addressing housing shortages. This financing initiative highlights the commitment of PGIM Real Estate to support urban development and provide quality living options in key metropolitan areas.