Peachtree Group to acquire lending division of CMCT for $44m.

Peachtree Group, a vertically integrated investment management firm, agreed to acquire lending division of CMCT, a real estate investment trust, for $44m. The sale is in furtherance of CMCT’s main priorities for growing its premier multifamily portfolio, strengthening its balance sheet and improving its liquidity. Since announcing these key priorities in the third quarter of 2024, CMCT has completed four refinancings across seven assets, extended the debt maturities on two multifamily assets and fully repaid its recourse credit facility.