Resource REIT, Inc. entered into a structured credit facility transaction with CBRE Multifamily Capital, Inc. Financings totaled $495 million at an average interest rate of 2.68% and proceeds from the initial advance were used to refinance or pay off $462 million of the REIT’s debt. Interest on $470 million of the financing is fixed at a blended 2.71% rate on a 7 to 10-year maturity schedule. This transaction simultaneously allowed the REIT to create an unencumbered pool of five properties that will provide additional balance sheet flexibility.