Cortland Partners Puts Up $244M For 5 Apt. Communities

Law360, New York (April 22, 2013, 8:56 PM EDT) -- Multifamily real estate developer Cortland Partners has closed five apartment community transactions totaling $244 million in the Atlanta and Dallas metropolitan statistical areas, the company said Monday.

The Atlanta-based firm completed a series of transactions that added 2,237 apartment units to its 13,000-unit portfolio with the help of debt capital from Freddie Mac and Ares Commercial Real Estate Corp.

Cortland's connection with these capital partners is a new development, and will help the firm continue executing its strategic investment plan with $200 million in backing, the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.