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SimplyHome gets $225 million facility via JLL Capital Markets
By William Gullotti
Buffalo, N.Y., July 27 – SimplyHome signed a $225 million credit facility to refinance an initial portfolio of Texas-based properties, according to a press release on Thursday.
The initial portfolio consists of properties in Houston, Dallas/Fort Worth, San Antonio and Bryan/College Station.
Financing was arranged by JLL Capital Markets to secure the bridge facility through Churchill Real Estate Holdings.
SimplyHome was represented by in-house counsel.
Relevant facility details, such as tenor and interest rate, were not discloses in the press release.
Focused on built-to-rent residential properties, Houston-based SimplyHome is a subsidiary of Camillo Cos., which builds and manages single-family home rentals in Texas.
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