Senior managing director at Rockpoint Group
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Rockpoint Group bought 100 Summer Street for $806 million in October 2019. This week it paid $260 million to get the same 1.1 million-square-foot tower back after defaulting on its mortgage.
Updated 1 hour ago
Publicly explained why Rockpoint defaulted on the 100 Summer St. mortgage and then bought the tower back
Rockpoint Group bought back 100 Summer St. at a foreclosure auction on Oct. 27, 2026, paying $260 million for the 32-story tower it had bought for $806 million in 2019. The auction lasted about 40 seconds and drew one bid: Rockpoint's, at the $260 million opening set by lender Wells Fargo.
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