Collateral includes 4,562 units in San Antonio, TX; Canton, MA; Lisle, IL; Kennesaw, GA; Alpharette, GA; Roswell, GA; Agoura, CA; Mission, KS; Altamonte Springs, FL; Manchester, NH; and Laguna Nigel, CA. The financing deal allows for substitution of collateral.
The deal also put Capri's loans with Equity Residential at more than $1.2 billion.
"The financing will result in significant saving for EQR through the reduction of the pool's overall interest rate," says Capri Capital co-chairman Daryl Carter in a statement.
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