National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Walker & Dunlop Investment Partners, Ivanhoé Cambridge Forge Multifamily Partnership
Walker & Dunlop Investment Partners, Inc. said Tuesday it had that it has partnered with Ivanhoé Cambridge to form a programmatic joint venture. The JV will make preferred equity investments in multifamily, student housing and manufactured housing properties throughout the U.S..
Its strategy will focus on identifying opportunities with stabilized properties, primarily in the top 25 MSAs, with a range of three- to 10-year investment horizons. The JV aims to address the growing need for flexible gap financing at an attractive cost of capital amid a low cap rate, high-liquidity capital markets environment in the residential space.
“Our product is designed to help sponsors achieve their desired leverage targets with incremental proceeds at a much lower cost of capital than common equity,” said Sam Isaacson, president of Walker & Dunlop Investment Partners. “Ivanhoé Cambridge is a world-class institution, and we look forward to continuing our successful partnership together.”
- ◦Financing
