Tourism Development & Investment Company

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    ZM Management broke ground on the 381-unit development in 2013. The owner financed construction with two loans totaling $21 million.

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    The company secured the loan through New Jersey-based PGIM Real Estate Finance on behalf of the borrower, Madison VK LLC.

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    In addition to the new student community—a public-private partnership of SF State and the developers—the university will open a four-story academic building totaling 76,000 square feet.

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