ZMR Capital Secures $230 Million Recapitalization for Multifamily Portfolio

ZMR Capital, a multifamily real estate investment firm, has secured equity from an institutional joint venture and a five-year, fixed-rate agency loan from Fannie Mae to recapitalize a $230 million, 1,600-unit multifamily portfolio spanning three states.

The portfolio includes four properties in Tampa, one in Atlanta and one in Phoenix.

“In a challenging capital environment, securing this high-value recapitalization is testament to our company’s strong track record, high-quality assets and operational ability,” said ZMR Capital Founder and CEO Zamir Kazi. “We are very excited to have reset our basis at an attractive price, as well as giving ourselves additional runway as the market rebounds.”

ZMR will add value to the portfolio’s properties through gradual, tailored renovations and improved operational performance.

Henry Stimler and Ricky Warner of Newmark represented ZMR Capital in this transaction.

This marks ZMR’s tenth transaction in the last 12 months, amounting to $600 million in recapitalizations and $100 million in refinancing.