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Walker & Dunlop Investment Partners, Ivanhoé Cambridge Expand U.S Partnership
Walker & Dunlop Investment Partners (WDIP) seeks to double the size of its programmatic joint venture with Ivanhoé Cambridge, the global real estate portfolio of CDPQ, to US$500 million. Launched in 2021, the partnership intends to make preferred equity investments in residential asset classes across the U.S.
“Our product is designed to help sponsors achieve their desired leverage targets on acquisitions and refinancings while generating compelling risk adjusted cash-on-cash and total return for our programmatic joint venture,” said Mitch Resnick, president of WDIP. “Ivanhoé Cambridge is a world-class institution focused on long-term partnerships, and we look forward to continuing our successful partnership together.”
The JV will continue making preferred equity investments in multifamily, student housing and manufactured housing properties nationwide, focusing on cash-flowing assets, primarily in top 25 MSAs, with a range of three- to 10-year investment horizons. It will continue to address the growing need for preferred equity at an attractive cost of capital in a challenging debt capital market environment.
- ◦Financing
