Oak Row Equities Closes $181M Construction Loan from Bank OZK for 2600 Biscayne Boulevard in Edgewater, Miami [Yahoo! Finance]
Bank OZK (OZK)
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Source: Yahoo! Finance
MIAMI, March 12, 2024 BUSINESS WIRE Oak Row Equities , a vertically integrated private equity and real estate development company with over $1.6B of development in South Florida, just closed on a $181M construction loan from Bank OZK for 2600 Biscayne Boulevard, a Class AAA office and multifamily tower in Miami's rapidly-maturing Edgewater submarket. The transaction is one of the largest mixed-used construction loans to close in South Florida in the past year. Newmark (NMRK)'s Dustin Stolly and Jordan Roeschlaub, Chris Kramer and Daniel Matz arranged the financing. 2600 Biscayne's office and retail space is 50% pre-leased prior to breaking ground, making it one of the most pre-leased new construction office buildings in Miami's history. "We're thrilled to close on this sophisticated transaction, one of the largest mixed-use loans in Miami this year," says Erik Rutter, Managing Partner of Oak Row Equities. "2600 Biscayne elevates Edgewater with superior office space and rental resid
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News
- Why Bank OZK (OZK) is a Top Dividend Stock for Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Bank OZK: Strong Q1 Results Point To Further Upside [Seeking Alpha]Seeking Alpha
- Bank OZK (NASDAQ: OZK) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $48.00 price target on the stock.MarketBeat
- Oak Row Equities Officially Breaks Ground on 2600 Biscayne Boulevard in Miami's Desirable Edgewater Submarket [Yahoo! Finance]Yahoo! Finance
- Bank OZK (NASDAQ: OZK) had its price target raised by analysts at Keefe, Bruyette & Woods from $45.00 to $47.00. They now have a "market perform" rating on the stock.MarketBeat
OZK
Earnings
- 4/17/24 - Beat
OZK
Sec Filings
- 2/13/24 - Form SC
- 2/9/24 - Form SC
- 2/9/24 - Form SC
- OZK's page on the SEC website