Blackstone and Canyon Partners Provide $269M Refinancing for Hamilton Green Multifamily Development in White Plains
RXR and Korman Communities have secured $269 million in refinancing for Hamilton Green, a recently completed 477-unit multifamily development in downtown White Plains, New York, the firms announced. Blackstone Real Estate Debt Strategies and Canyon Partners provided the financing as the transit-oriented property approaches full lease-up less than a year after opening.
Deal Details
Hamilton Green is located in downtown White Plains on the site of the former White Plains Mall. The property offers studio- to three-bedroom apartments and features direct access to Metro-North rail service into Manhattan.
"The successful refinancing of Hamilton Green reflects the strength of the RXR platform and our ability to execute across the full lifecycle of a complex development — from entitlement and construction through lease-up and stabilization," said Scott Rechler, Chairman and CEO of RXR.
Property Overview
Hamilton Green is a multifamily development in downtown White Plains. The 477-unit community offers a range of apartment configurations. The property's proximity to Metro-North service — which provides access to Manhattan — is central to its positioning as transit-oriented housing in Westchester County. RXR and Korman Communities served as co-developers on the project.
Lender Profile
The refinancing was jointly provided by Blackstone Real Estate Debt Strategies and Canyon Partners Real Estate. Additional loan terms, including rate, loan-to-value ratio, and maturity, were not disclosed.
Market Context
White Plains is located in Westchester County, and its downtown has seen interest from multifamily developers. The Metro-North provides service from White Plains to Manhattan. Hamilton Green's approach to full lease-up less than a year after opening was cited by RXR as a key indicator of demand for transit-oriented housing in the submarket.
The transaction was announced May 6, 2026.