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Cortland Acquires $244M in Multifamily

ATLANTA—Cortland got the deals done, in part, through equity generated via its new alliance with two institutional capital partners.

By Jennifer LeClaire | Updated on April 22, 2013

ATLANTA—Cortland Partners has acquired a whopping 2,237 multifamily units—mostly in the Atlanta region—for $244 million. Four of the multifamily communities are in the Atlanta MSA; one is in the Dallas MSA.

Cortland got the deals done, in part, through equity generated via its new alliance with two institutional capital partners. Debt capital for the transactions was provided by Freddie Mac through Walker Dunlop ($75.85 million) and through a loan commitment led by Ares Commercial Real Estate Corporation ($107.1 million).

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