American Residential Properties lifts revolver size to $340 million

By Sara Rosenberg

New York, Oct. 3 - American Residential Properties Inc. increased its senior secured revolving credit facility to $340 million from $290 million, according to a news release.

The upsizing was done under the existing accordion feature.

With the expansion, Citibank joined the company's existing bank group.

American Residential is a Scottsdale, Ariz.-based real estate company that acquires, owns and manages single-family homes as rental properties.

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