$175 MILLION IN FINANCING ARRANGED FOR 67-APARTMENT PORTFOLIO
MARYLAND AND VIRGINIA — John M. R. Reed of Capmark Finance’s Richmond, Va., office secured $175 million in supplemental financing for a 67-property multifamily portfolio owned by Southern Management Corp. The apartment complexes are located in Maryland and northern Virginia. The loan will be used to update amenities in the complexes and improve the energy efficiency of the buildings. Capmark Bank provided financing for the loan through its Freddie Mac program.