Sunrise Realty Trust, Inc. Commits $46.5 Million as part of a $62.0 Million Senior Loan for The Bohéme in the Bishops Arts District of Dallas, Texas

WEST PALM BEACH, Fla., March 18, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ("SUNS" or the "Company") (NASDAQ:SUNS), a lender on the Tannenbaum Capital Group ("TCG") Real Estate platform, today announced that it closed on a $46.5 million commitment to a $62.0 million senior loan originated by the TCG Real Estate platform to refinance The Bohéme, a Class-A Multifamily asset in Dallas, TX ("Bohéme" or "Property"), with $44.3 million of the SUNS commitment funded at closing. The remaining $15.5 million of the total loan is held by an affiliate on the TCG Real Estate platform. The sponsor, ​Kairoi Residential ("Kairoi"), is a top-tier vertically integrated investment, development, and property management company specializing in Class-A+ urban multifamily projects. Since 2003, Kairoi has transacted on $9.8 billion with projects comprising over 69,000 multifamily units across 20 metro areas in the U.S.

Completed in 2023, the Bohéme is an eight-story Class-A multifamily rental community located across from Lake Cliff Park in the heart of the Bishop Arts District in Dallas. Residents at the Property enjoy a rooftop pool with skyline views, a WFH lounge with private meeting rooms, a game lounge, and expansive courtyards. The newly delivered Bohéme features 352 modern apartments outfitted with keyless entry, quartz countertops, large walk-in closets and high-end appliances.

"This is a highly desirable location, not only for its proximity to retail, restaurants, museums, ...