Georgia Rental Properties Included in $230M Refi

Georgia Rental Properties Included in $230M Refi
News| August 12, 2025| Mike Boyd
Atlanta & Southeast + Apartment Buildings

Two Georgia properties were included in a refinancing, in which Newmark arranged the $230 million recapitalization of a six-property, 1,600-unit multifamily portfolio on behalf of Slate Asset Management and ZMR Capital. The transaction includes the introduction of joint venture equity from Slate Asset Management and the placement of $169 million in senior financing from Fannie Mae.

Originally slated for sale, the portfolio was re-evaluated, resulting in a capital restructuring. A long-term institutional partner was introduced, and fresh equity was injected to support a five-year hold strategy.

Newmark’s Ricky Warner, Henry Stimler, Bill Weber, Matt Mense and Nicholas Matzorkis arranged the transaction. Warner added, “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 included:

  • Upland Townhomes – Mableton, GA
  • Park at Peachtree Hills – Atlanta, GA

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