In May 2019, we invested roughly $39 million in the acquisition of a portfolio of 11 apartment communities across Georgia, comprising nearly 2,000 individual residential units, including this one.

Today, we’re pleased to share that the project’s sponsor has sold the portfolio and paid back our investment in full, which generated an annualized return of roughly 13.9% over the term.1 To read more about the successful conclusion of the portfolio investment, view the full update here.