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HOUSTON-New York City-based Centerline Capital Group reports it provided $186 million in floating rate financing for the recently announced nine-property Houston-area multifamily property portfolio purchase by Gaia Real Estate and partners Menora Mivtachim Insurance and the Grand China Fund.

The Class-A multi-family, garden style residential properties in the portfolio range from 200 to 400 units each and total 2,594 units overall. The properties are located within the Medical Center, Northwest and North Houston submarkets and are all high-end rentals built between 1998 and 2006, according to Centerline officials. One of the properties added to the Gaia Real Estate portfolio was the Enclave at Mary’s Creek apartment community in Pearland, TX.

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