$144M Recapitalization Completed across Three Phoenix Build-to-Rent Communities - Greater Phoenix In Business Magazine
Summary by Greater Phoenix In Business Magazine
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$144M Recapitalization Completed across Three Phoenix Build-to-Rent Communities - Greater Phoenix In Business Magazine
Empire Group of Companies, a leading Arizona-based real estate investment and development firm, has successfully recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area. The company closed bridge loans totaling over $144 million with Arbor Realty Trust, Inc., retiring the construction debt and the entirety of the $21 million of outstanding preferred…
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