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...
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