Walker & Dunlop structured a joint venture partnership for Perch, a portfolio of build-for-rent (BFR) housing developments. Perch is a brand developed by Good + West. The unnamed general partner will provide both funds and support to Good + West.

The company currently has $150 million worth of BFR development underway in the state of Texas, including the joint venture’s first project, Perch Denton. Located in the Dallas-Fort Worth suburb of Denton, the community is scheduled for delivery in 2023 and will offer 195 units. 

Additional Good + West BFR projects currently underway include Perch Chisolm Trail in Fort Worth and Perch Manor Downs, located outside Austin in Manor. Phase I of both projects are set for delivery in 2023 and 2024, respectively. 

Walker & Dunlop’s Heather McClure likes their future, “Good + West has more than 30 years in multifamily development, asset management, well designed projects that are perfectly suited to the BFR market.”