WARNER ROBINS, GA. — Parkland Residential has secured $57 million in financing for Grover Landing, a 317-unit build-to-rent development currently underway in Warner Robins, approximately 20 miles south of Macon, Georgia. The loan will be used to refinance the units that have already been completed at the community.
Grover Landing offers two-, three- and four-bedroom residences. Amenities include a pool with a cabana, playground, pocket parks and a playfield, as well as yard maintenance, pest control, home repairs and appliances.
Avi Kozlowski, Thomas Wayda and Dante Distefano of Greystone arranged the loan through Encore Finance. Synovus Bank will also provide construction financing for newly built units.
Parkland Residential is the sister company to Parkland Communities Inc., a development and investment firm based in Atlanta. The company’s portfolio consists of about 3,150 build-to-rent and single-family rental units across more than 1,000 acres.