Plano, Texas, May 16, 2022 (GLOBE NEWSWIRE) — RealManage is pleased to announce the successful closing of up to $100 million in debt capital. On February 16, 2022, Prosperity Bank led and served as administrative agent for the credit facility, which includes a syndicate of institutional lenders. This will allow RealManage to pursue its vision of becoming the best company in the world in the management of condominium properties. They are currently the third largest community association management company in the country.
“Securing this syndicated loan will provide us with the resources to continue to complement our organic growth through selected strategic acquisitions. This successful transaction reflects our lenders’ confidence in our financial strength and bright future,” said Christopher ONeill, President and CEO of RealManage.
About Prosperity Bank:
Ranked #6 by Forbes Magazine America’s Best Banks 2022, Prosperity Bank is a $37.8 billion Houston, Texas-based regional bank that provides banking services to small and medium businesses in Texas and from Oklahoma. Prosperity Bank offers a full suite of business solutions, including commercial lending and cash solutions for commercial enterprises, trust and wealth management, and cash management. Founded in 1983, Prosperity believes in a community banking philosophy, caring for customers, businesses and communities in the regions it serves by simplifying everyday financial needs.
RealManage the operating history goes back more than 30 years. Since its inception, they have grown rapidly through client referrals and select acquisitions to rank among the top three condominium and condominium management companies in the country. The company specializes in managing homeowner associations and condominiums ranging from less than 100 homes to over 10,000 homes, including expertise in high-rise condominiums and luxury, lifestyle and planned communities.
Amanda Causey RealManage 866-403-1588 firstname.lastname@example.org