Crestline Investors, Inc. (“Crestline”) is pleased to announce that funds managed by its Real Estate and Reinsurance teams closed a senior secured credit facility to Madison Capital Group and Inlet Property Company. The financing will support the construction of a new 86-unit, Class-A multifamily development in Charlottesville, Virginia, near the downtown area and the University of Virginia.
“Crestline is excited to support this project, which we believe will bring high-quality multifamily housing to a growing area with robust demand,” said Wes Davidson, Director at Crestline. “This project stands out to us given the Charlottesville market’s high barriers to entry, limited housing supply, and strong rent growth.”
Tommy Ciserano, Founder & President of Inlet Property Company added, “Working with Crestline was a natural choice for us. In a dynamic and evolving environment, their understanding of the multifamily market and ability to structure flexible solutions has been invaluable to our ability to enhance Charlottesville’s housing landscape.”
Longline Holdings partnered with Crestline in originating the transaction and will service the loan post-close.
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 September 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 Inlet Property Company
Based in Vero Beach, Florida, Inlet Property Company is a boutique real estate development company, specializing in ground-up multifamily development throughout the Southeastern United States. For more information, visit www.inletco.com.
About Madison Capital Group
Madison Capital Group, headquartered in Charlotte, N.C., specializes in real estate investments, primarily focusing on the self-storage and multifamily sectors. The company is the parent entity of Go Store It Self-Storage, a non-traded direct investment sponsor emphasizing self-storage, and Madison Communities, a vertically integrated real estate development and investment firm dedicated to crafting high-quality, suburban, garden-style apartment communities throughout the Southeast. For more information, visit www.madisoncapgroup.com.
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.
