The financing package covers a broad geographic footprint, including key assets in Phoenix, Las Vegas, Salt Lake City, and Flagstaff. Structured as mortgage debt, the deal achieved a 79% loan-to-value ratio and a 6.6% debt yield. According to Newmark Vice Chairman Darrin Stovall, the transaction underscores strong appetite from capital markets for high-quality multifamily assets managed by experienced sponsors.

For Keller Investment Properties, the recapitalization marks its first execution of a single-asset, single-borrower structure. Executive Vice President Matt Bowen noted that the funding solidifies the firm's foundation, allowing it to maintain ownership while navigating the current lending landscape. The deal was finalized following a rigorous advisory process led by Newmark’s debt and structured finance teams, who evaluated multiple alternatives before settling on the terms with Nomura.