Dealmaker: Greystone Arranges $57M to Finance Build-to-Rent Community in Georgia
(Image courtesy of Greystone)
Greystone, New York, arranged a $57 million aggregation facility to finance all homes upon completion within a 317-unit build-to-rent community in Warner Robins, Ga., on behalf of Parkland Communities.
The transaction was sourced by Avi Kozlowski, Managing Director at Greystone, with Greystone’s Thomas Wayda, Managing Director, and Dante DiStefano, Associate, handling the debt placement.
The credit facility arranged by Greystone and provided by an undisclosed lender includes a 36-month term.
The property is called Grove Landing and is located 20 miles south of Macon. It’s currently 22% complete and leasing to new residents.