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Empire Group of Companies recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area. The number of units was 610, with the size of each unit between 680 and 1282 square feet. The company closed bridge loans totaling over $144 million with Arbor Realty Trust, Inc. (NYSE: ABR), retiring the construction debt and the entirety of the $21 million of outstanding preferred equity associated with each project.