RealManage closed up to $100 million of debt capital. Prosperity Bank led and served as the administrative agent of the credit facility, which includes a syndicate of institutional lenders. This will allow RealManage to continue to focus on managing jointly owned properties.
“Securing this syndicated loan will provide us the resources to continue supplementing our organic growth with select strategic acquisitions. This successful transaction reflects our lenders’ confidence in our financial strength and our bright future,” Christopher ONeill, CEO of RealManage, said.
