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Institutional investors advised by J.P. Morgan Asset Management have secured a $176 million credit facility for seven single-family rental communities across metro Atlanta. Walker & Dunlop arranged the financing on behalf of the borrower, while Brookfield Asset Management’s Real Estate Credit group provided the funding.
The owner acquired the assets in 2021. That deal was also arranged by Walker & Dunlop. The portfolio totals 709 homes, encompassing approximately 1.4 million rentable square feet. The unit mix includes three-, four- and five-bedroom floorplans.