Walker & Dunlop, Inc. announced that it arranged a $176 million credit facility for seven diversified 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 diversified transaction for institutional investors advised by J.P. Morgan Asset Management in 2021.
The diversified 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.
“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.”
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry. In 2024, Walker & Dunlop’s Capital Markets group sourced capital for transactions totaling over $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.
