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CBRE Arranges $1B For 27-Asset EQR Sale

DALLAS—Funding is for a 27-property multifamily portfolio, encompassing 8,010 units, with properties located coast to coast.

By David Phillips | Updated on February 25, 2013

DALLAS—CBRE Capital Markets’ Debt & Equity Finance group recently arranged multiple loans exceeding a total of $1 billion to finance the acquisition of a portfolio of 27 multifamily assets located in eight markets across the US. The portfolio will be closed and funded in two stages: Feb. 12 and in late March.

CBRE worked exclusively on behalf of the borrower, a joint venture between Goldman, Sachs & Co. and Greystar, to arrange the 27 individual Freddie Mac loans. The seven-year, loans are non-crossed and float over 30-day Libor.

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