Walker & Dunlop, Inc., has structured $105 million in financing for The Verona at Landover Hills, a 727-unit residential complex in Landover, MD. New affordability restrictions were placed on the previously market-rate property upon acquisition.

John Gilmore, Jessica Deeney, and Karl Rincavage of Walker & Dunlop represented the buyer, a joint venture between Dantes Community Partners and the Urban Investment Group within Goldman Sachs Asset Management. The team structured the acquisition financing through Fannie Mae’s Multifamily Affordable Housing platform.

“The availability of affordable housing is an issue of national concern,” said Gilmore. “The Verona at Landover Hills is an excellent example of how the federal government, local municipalities, and private investors can work together to be part of the solution.”

The transaction represents an investment towards Goldman Sachs’ One Million Black Women initiative, a $10 billion investment strategy to narrow opportunity gaps for Black women in the next decade.