Crestline Investors, Inc. (“Crestline”) announced today that funds managed by its Real Estate and Reinsurance teams closed a senior secured credit facility for Highline Properties, a joint venture owned by Noro Management, BTR Group, and Longline Holdings. The proceeds will refinance a newly built 110-unit Build-To-Rent community located 15 minutes from the University of Tennessee campus and near downtown Knoxville, Tennessee.
“We are excited to support this high-quality Build-To-Rent community located in a prime location and expanding metro area” said James Delaune, Managing Director at Crestline. “The property’s proximity to both the University of Tennessee and downtown Knoxville, combined with the experienced team behind Highline, made this a compelling opportunity. Our continued partnership with Longline demonstrates our confidence in their development capabilities and their proven track record in executing successful projects.”
Alex Livingston, Managing Partner at Longline Holdings added, “Partnering with Crestline on the project was a natural choice, given the success and trust we’ve built through previous collaborations.”
About Crestline Investors
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $20 billion in assets under management (as of June 30, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About Noro Management
Founded in the Netherlands, Noro Management is an Atlanta, GA based real estate investment firm with a focus in commercial real estate. For more information, visit https://www.noromgt.com.
About BTR Group
The BTR Group is a Georgia based development and construction firm dedicated to trailblazing the new “Build to Rent” asset class and redefining multi-family housing. Utilizing a vertically integrated building system through subsidiary businesses in wholesale building material distribution and wholesale labor. For more information, visit https://www.thebtr.group.
About Longline Holdings
Longline Holdings, LLC is an investment holding company based in Atlanta, GA comprised of Longline Financial and Longline Properties. Founded in 2019, Longline invests in real estate and hard assets, related credit strategies and select operating companies. Longline invests nationally with a focus on the Southeast U.S. Since inception Longline has invested $500 million of equity across its platform on behalf of institutional and individual investors and for its own account. For more information, visit www.longlineholdings.com.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorized and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
