J.P. Morgan Asset Management Secures $176M Loan From Brookfield Asset Management For Atlanta Single Family Rental Portfolio
$176,000,000
Building Size
—
Asset Type
Single Family
Closing
Mar 13, 2025
AI
The transaction involves a single-family rental portfolio located in Atlanta, GA, consisting of 709 homes. The asset type is designated as a single-family rental, and the loan amount secured for this project is $176,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $176,000,000
- Lender: Brookfield Asset Management
- Landlord: J.P. Morgan Asset Management
- Brokers: Aaron Appel, Adam Schwartz, Christopher de Raet, Jackson Irwin, Jonathan Schwartz, Keith Kurland & Michael Ianno - Walker & Dunlop
This deal showcases the collaboration between J.P. Morgan Asset Management and Brookfield Asset Management aimed at completing the development of a substantial single-family rental portfolio. The involved brokers from Walker & Dunlop facilitated this significant credit facility arrangement.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93