• MAREJ

Morgan Properties and Hannon Armstrong acquire B-Piece on KG-Series Securitization


ANNAPOLIS, MD & KING OF PRUSSIA, PA — Hannon Armstrong, an investor in climate change solutions, and Morgan Properties, a real estate investment and management company, announced a new joint venture that will acquire the B-Piece from Freddie Mac’s previously settled KG series focused on environmental and social impact, and part of Freddie Mac’s flagship K-Deal program. The issuance, K-G02, is exclusively comprised of securitized workforce housing loans made through Freddie Mac’s Green Advantage program which requires borrowers to make energy and/or water efficiency improvements to their properties. “We are pleased to partner with Morgan Properties on what is our first-ever transaction with Freddie Mac,” said Hannon Armstrong chief investment officer Nathaniel Rose. “Expansion into this new asset class will further diversify our portfolio and bolster our efforts to decarbonize buildings, including multi-family properties.”


READ MORE.

#ANNAPOLISMD #KINGOFPRUSSIAPA #M #MORGANPROPERTIES #JASONMORGAN

20 views0 comments

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.