Walker & Dunlop, Inc. announced recently that it arranged a USD 176 million credit facility for seven single-family rental communities located across various neighborhoods within the Atlanta, Georgia MSA.
The Walker & Dunlop New York Capital Markets team, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Michael Ianno, Jackson Irwin, and Christopher de Raet, arranged the financing on behalf of institutional investors advised by J.P. Morgan Asset Management. Brookfield Asset Management’s Real Estate Credit group provided the financing.
The Walker & Dunlop Atlanta Investment sales team, led by Brooks Battle, previously arranged the transaction for institutional investors advised by J.P. Morgan Asset Management in 2021.
The portfolio consists of 709 homes totaling 1.4 million rentable square feet across seven different communities, all situated within a 30- to 55-mile drive from Atlanta’s central business district. Located in Atlanta’s most sought-after suburbs, including McDonough, Loganville, Cartersville, Hoschton, Dallas, and Jefferson, the portfolio features a mix of 3-, 4-, and 5-bedroom homes with a variety of attractive amenities and best-in-class finishes.
“The demand for single-family rental product, specifically in Atlanta’s surrounding suburbs, has experienced significant growth in recent years, driven by a combination of population influx, job creation, and a strong local economy,” said Jonathan Schwartz, senior managing director and co-head of New York Capital Markets. “We are pleased to be a part of this project, which will serve as the springboard for further single-family-rental development by this best-in-class partnership.”
In 2024, Walker & Dunlop’s Capital Markets group sourced capital for transactions totaling over USD 16 billion from non-Agency capital providers. This vast experience has made them a top adviser on all asset classes for many of the industry’s top developers, owners, and operators.
