Multifamily Sector Sees Positive Indicators from Healthy Midwest Economy

Focus on the Midwest Amid a global pandemic and its economic repercussions, the American Midwest has remained a place of comparative stability — and opportunity.Wide-open spaces and lower costs of living attract businesses and workers alike. Warehouses, distribution centers and transportation corridors bustle thanks to shifting supply chains and surges in deliveries. Educated workforces and leading universities and research centers nourish hubs in tech and life sciences. In short, …

June 1, 2021Content Partner, Development, Features, Illinois, Industrial, Midwest, Multifamily, Ohio, Walker & Dunlop, Wisconsin

Walker & Dunlop Arranges $37.6M Financing for Build-to-Rent Acquisition in Flagstaff

FLAGSTAFF, ARIZ. — Walker & Dunlop has arranged debt and equity financing for the purchase of The Bungalows on Pine Cliff, a build-for-rent housing developing in Flagstaff. The structured transaction includes $37.6 million in bridge financing as part of a joint venture partnership.St. Clair Holdings is the borrower. Heather McClure of Walker & Dunlop’s Build-for-Rent (BFR) team advised the borrower and identified New York City-based Dome Equities as a capital partner for the …

May 24, 2021Acquisitions, Arizona, Build-For-Rent, Loans, Multifamily, Walker & Dunlop, Western

Walker & Dunlop: U.S. Economy Displays Long-Term Signals for Recovery, Growth

Back to Normal? The U.S. economy has improved significantly since April 2020, the peak of the pandemic-induced recession. The national unemployment rate stood at 6.0 percent in March of this year, well below the peak of 14.8 percent in April 2020. Companies were effective in implementing work-from-home technology, keeping unemployment rates for office-based service sectors relatively low. For those with a bachelor’s degree or higher, unemployment rates were only 3.7 percent as of March …

April 27, 2021Content Partner, Features, Leasing Activity, Midwest, Multifamily, Office, Retail, Southeast, Texas, Walker & Dunlop, Western

Build-for-Rent Space May Outperform Conventional Multifamily on Occupancy, Rents

The past few years have seen a surge in interest in single-family rental (SFR) and build-for-rent (BFR) spaces in commercial real estate. Traditionally the domain of small- and medium-sized investors, the SFR/BFR space has begun to attract institutional investors. BFR, in particular, can often offer higher occupancy levels and rents while promising lower capital and operating costs than traditional multifamily housing.Keaton Merrell, managing director, Capital Markets, Walker & Dunlop, …

April 19, 2021Build-For-Rent, Content Partner, Features, Loans, Midwest, Multifamily, Northeast, Single-Family Rental, Southeast, Texas, Walker & Dunlop, Western

Webinar: Everything You Need to Know About the Single-Family Rental & Build-For-Rent Market

On Apr. 7, France Media hosted the "Everything You Need to Know About the Single-Family Rental & Build-For-Rent Market" webinar, sponsored by Walker & Dunlop. The single-family rental (SFR) and build-for-rent (BFR) space has generated excitement throughout the commercial real estate world.This webinar brings together five expert panelists to answer the most pressing questions for this asset class: what to know about SFR and BFR verticals, issues and trends within the …

April 9, 2021Build-For-Rent, Midwest, Multifamily, Northeast, Single-Family Rental, Southeast, Texas, Video, Walker & Dunlop, Webinar, Western

Walker & Dunlop Arranges $55.5M in Financing for Development of Multifamily Project in Columbus

COLUMBUS, OHIO — Walker & Dunlop Inc. has arranged $55.5 million in construction and permanent financing for the development of Quarry Trails Apartments and Quarry Trails Townhomes and Flats in Columbus. Thrive Cos. is developing the 293-unit multifamily and 100-unit townhome project within a decommissioned quarry. The development is positioned within a natural park and rests alongside a 60-foot waterfall, a 160-foot vertical rock face and more than two miles of riverfront trails. Plans …

April 5, 2021Loans, Midwest, Multifamily, Ohio, Walker & Dunlop

Walker & Dunlop: SFR/BFR Rapidly Growing Option for Rental Spaces

The strength of multifamily has been well solidified over the past few years, but a new contender in the rental market is making waves, according to Kris Mikkelsen, executive vice president, Walker & Dunlop Investment Sales. Single-family rental (SFR) and build-for-rent (BFR) spaces are growing increasingly popular.An SFR is a group of homes-for-rent pooled together for investment purposes BFR properties are purpose-built housing operated as SFR investments"SFR is …

March 12, 2021Build-For-Rent, Development, Finance Insight, Leasing Activity, Midwest, Multifamily, Northeast, Single-Family Rental, Southeast, Texas, Video, Walker & Dunlop, Western

Walker & Dunlop: Single-Family Rental and Build-for-Rent in High Demand

A number of factors are driving an increase in demand for single-family rental assets. Declines in home ownership rates, increasing demand/short supply for multifamily options and baby boomer renting preferences have made renting these single-family properties an increasingly popular choice. Meanwhile, COVID-19 spurred increases in teleworking that created a desire for additional space in the home and allowed more people to move to suburban locations — accelerating demand for single-family …

March 2, 2021Build-For-Rent, Content Partner, Features, Finance Insight, Midwest, Multifamily, Northeast, Single-Family Rental, Southeast, Texas, Walker & Dunlop, Western

Walker & Dunlop Arranges $61.3M Acquisition Loan for Bank of America Tower in Downtown Jacksonville

JACKSONVILLE, FLA. — Walker & Dunlop Inc. has arranged $61.3 million in financing for the acquisition of Bank of America Tower, a 44-story office building located at 50 N Laura St. in downtown Jacksonville. Adam Schwartz, Aaron Appel, Keith Kurland, Jonathan Schwartz, Michael Ianno, Sean Bastian and Ian Hawk of Walker & Dunlop arranged the financing for the buyer, Group RMC. Prime Finance provided the three-year, interest-only bridge loan, which features a low floating interest rate. …

February 12, 2021Acquisitions, Florida, Loans, Office, Southeast, Walker & Dunlop

Walker & Dunlop Arranges $30.5M Loan for Acquisition of Office Tower in Columbus, Ohio

COLUMBUS, OHIO — Walker & Dunlop has arranged a $30.5 million loan for the acquisition of 65 East State Street in Columbus. Built in 1983, the 26-story office tower comprises 494,487 rentable square feet. Located in the heart of the central business district, the building is across the street from the Ohio State Capitol Building on Capitol Square. Recent capital improvements to the property include an exterior façade renovation, a new conference center and fitness center, updated lobby …

February 12, 2021Loans, Midwest, Office, Ohio, Walker & Dunlop