**Georgia Rental Properties Included in $230M Refinancing**
Two multifamily properties in Georgia were part of a major refinancing deal, as Newmark arranged a $230 million recapitalization of a six-property, 1,600-unit portfolio on behalf of Slate Asset Management and ZMR Capital. The transaction featured joint venture equity from Slate Asset Management and $169 million in senior financing provided by Fannie Mae.
Originally intended for sale, the portfolio underwent a strategic reassessment that led to a capital restructuring. As a result, a long-term institutional partner was brought on board and new equity capital was introduced to support a five-year hold strategy.
The Newmark team facilitating the deal included Ricky Warner, Henry Stimler, Bill Weber, Matt Mense, and Nicholas Matzorkis. Warner commented on the transaction, stating, “By unlocking a joint venture structure with new capital and long-term agency financing, we helped position ZMR and Slate for continued success in the multifamily market.”
The two Georgia properties involved in the transaction are:
– Upland Townhomes – Mableton, GA
– Park at Peachtree Hills – Atlanta, GA
