Comstock earns $2.6M fees arranging $355M refinancing of three Reston Station office towers

Comstock Holding Companies, Inc.

CHCI subsidiaries arranged $355M non-recourse recapitalization: $312M Blackstone senior loan and $43M DivcoWest preferred equity.
Net capital market origination fees received by CHCI subsidiaries of ~$2.6 million.
Refinanced three trophy office towers (1900, 1902, 1906 Reston Metro Plaza), which are ~84% leased.
Tenants include Google, Rolls Royce N.A., ICF Global, and Neustar; retail includes Starbucks and Founding Farmers.
CEO states the refinancing allows acceleration of next Reston Station phase and scaling of multi-family acquisitions.

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