Walker & Dunlop arranged a $176 million credit facility for seven single-family rental communities in various neighborhoods within the Atlanta, Georgia, MSA.

The Walker & Dunlop New York Capital Markets team, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Michael Ianno, Jackson Irwin, and Christopher de Raet, arranged the financing on behalf of institutional investors advised by J.P. Morgan Asset Management. Brookfield Asset Management’s Real Estate Credit group provided the financing. 

The portfolio consists of 709 homes totaling 1.4 million rentable square feet across seven different communities, all situated within a 30- to 55-mile drive from Atlanta’s central business district. Located in Atlanta’s most sought-after suburbs, including McDonough, Loganville, Cartersville, Hoschton, Dallas, and Jefferson, the portfolio features a mix of 3-, 4-, and 5-bedroom homes with a variety of amenities.

Another South Korean Hyundai supplier is setting up shop in Georgia. Hwashin is set to build a plant, investing over $176 million and hiring more than 460 employees. The company said it would build a plant in the middle of the state in Dublin, planning to start production in 2025.

The company will make metal pieces for auto chassis for both the new Hyundai Motor Group plant being built in Ellabell as well as for sister company Kia in West Point.

It’s the latest company to announce a plant to supply Hyundai’s $7.6 billion plant to assemble electric vehicles and batteries in Ellabell, near Savannah. The Hyundai plant, which was announced last year, could grow to 8,500 employees and could begin producing vehicles as early as 2024.

Suppliers to the latest Hyundai plant have pledged to invest more than $2.4 billion and to hire nearly 6,300 people.