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Seattle & Northwest  + Seattle  + Apartments  |  July 15, 2025
Jasmine Kilman
By: Jasmine Kilman

PGIM Real Estate Provides Financing for Seattle MF

PGIM Real Estate has provided a total of $107.2 million in fixed-rate financing to AEW Capital Management for two multifamily properties, including one in Seattle, Washington.

Bowman Stone Way Apartments is a 278-unit community located in Seattle’s Fremont neighborhood, originally built in 2015. The $62 million loan will be used to refinance the existing PGIM mortgage. Community amenities include a rooftop deck with a fire pit, co-working spaces, and an off-leash dog park.

The transaction also included a $45.2 million loan to refinance the existing PGIM mortgage on 30Six NoDa Apartments, located in East Charlotte, North Carolina. Both properties are strategically located within their respective submarkets, offering access to strong demographics and convenient proximity to major employment centers and entertainment destinations.

“Charlotte continues to benefit from steady in-migration and economic expansion, while Seattle remains a tech-driven employment hub with limited new supply in core neighborhoods like Fremont,” said Tom Goodsite, managing director at PGIM Real Estate.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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