GAIA Real Estate secures one-year extension of $48 million loan with Raymond James Bank

Brooklyn, NY GAIA Real Estate has secured an additional one-year extension of its $48 million loan with Raymond James Bank for 55 Hope, a multifamily property in Williamsburg.

The extension pushes the loan’s maturity to August 2027, reflecting the property’s strong long-term performance and GAIA’s successful management of the asset.

“We are pleased to continue our partnership with Raymond James at 55 Hope,” said Danny Fishman, CEO and co-founder, GAIA. “We acquired the property at the height of the COVID-19 pandemic, amid significant uncertainty in New York, and have since increased net operating income significantly through active management and a long-term approach to value creation. This extension demonstrates our ability to identify opportunities across market cycles and position our investments for sustained performance in Brooklyn’s multifamily market.”

Since its inception, GAIA Real Estate has acquired more than 20,000 residential units and managed $4 billion in assets. The firm relocated its headquarters to Miami, reflecting the firm’s continued growth and focus on investment opportunities across South Florida and the broader Sun Belt, while maintaining its longstanding presence in New York City. 

GAIA’s investment strategy utilizes buying in down cycles with low leverage in periods of high interest rates, a tactic that has repeatedly proven successful.