Walker & Dunlop, Inc. has originated $1.719 billion in loan proceeds to refinance 12,955 predominantly workforce and affordable housing units in 52 assets across 10 states for Starwood Capital. Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of Starwood Capital’s Starwood Real Estate Income Trust (SREIT), which acquired the properties in 2021. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski and Michael Ianno originated the 10-year Freddie Mac loans.
“This significant portfolio financing reflects Walker & Dunlop’s ability to structure and execute large-scale financing solutions for the world’s largest and most sophisticated institutional clients,” said Walker & Dunlop chairman and CEO Willy Walker. “Financings of this size and complexity require a coordinated and collaborative team of bankers and underwriters.
“Led by senior managing director Dustin Stolly, the Walker & Dunlop team, working with Freddie Mac, executed flawlessly,” he continued, “We are grateful for the trust Starwood placed in our team to deliver this refinancing, positioning the Strata Portfolio for sustained performance and continued long-term success.”
The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...
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Higher-than-expected September inflation has been driving the CRE narrative of increased cost of capital, along with rising operating and construction expenses. The consumer price index rose 3.7% year-over-year in September, according to the U.S. Bureau of Labor Statistics, while the producer price index for final demand climbed 6.3% A recent Marcus & Millichap video said...
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Gilbane and Rocky Mountain Companies, along with University of Idaho, celebrated the ribbon cutting of Vandal Village, a graduate and family housing complex on U of I’s Moscow campus. Located at 1010 Deakin Ave, the 200,000-square-foot complex encompasses 240 units, offering two- to four-bedroom plans. Designed to meet a range of housing needs, the development...
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