Institutional investors under advisement from J.P. Morgan Asset Management have secured a $176 million credit facility for seven single-family rental communities in Georgia.
The exact terms of the loan are unclear but the portfolio covers 709 homes and a total of 1.4 million square feet of rentable space. Options include a mix of three-to-five-bedroom units. All of which, are located in various Atlanta suburban areas and within a 55-mile drive of the metro's central business district. The portfolio can be found in the following Atlanta areas: Cartersville, Hoschton, Dallas, Jefferson, McDonough, and Loganville.
The loan was arranged by Walker & Dunlop, which also served as the broker in 2021 when the owners originally acquired the assets. Brookfield Asset Management’s real estate credit unit provided the financing for the credit facility.
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