The Colliers Philadelphia Capital Markets team led by John Banas and Kris Wood arranged $19,600,000 in financing for the acquisition of Sandpiper Apartments, a 530-unit multifamily apartment complex in Warner Robins, Georgia.

The team secured the financing for a 30-year loan at an interest rate of LIBOR + 2.44%. “This was an existing client venturing into a new market,” said Banas. “It represented a great, stable opportunity with significant value add.”

In addition, the Philadelphia Capital Markets team also arranged a joint venture equity partner to co-invest with the sponsor.

“We were able to arrange a new partnership based on our team’s recognition of the two groups alignment of interests,” said Wood. “We look forward to the new venture working together on many future opportunities.”

About Colliers International Group, Inc.

Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.