Commercial Observer reported that Madison Realty Capital and Yellowstone Real Estate provided $226.5 million to refinance Metro Parc, a newly completed 559-unit multifamily development at 955 East 25th Street in Hialeah, Florida, one block from Metrorail and Tri-Rail transfer stations. The 10-story, 754,000-square-foot property includes 15,000 square feet of retail space and is currently nearly 50 percent leased, with the refinancing replacing the project's original construction loan and bridging to permanent financing. Metro Parc represents the first phase of Baron Property Group's broader 2.3 million-square-foot residential development in Miami-Dade County.

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