Walker & Dunlop Investment Partners, Inc. announced that it has made the final investment from its sixth fund, Walker & Dunlop Investment Partner Fund VI.
“We continue to remain very active in the market and expect to see strong investment opportunities on behalf of our managed accounts and any potential future funds.”
Launched in Q1 2021 with a strategy to invest in niche, opportunistic middle-market commercial real estate, the fund had its final close in Q2 2022. The $79.3 million of capital in Fund VI and co-investments was deployed between Q1 2021 and Q4 2022 across eight equity investments with a combined total capitalization of $259 million.
The eight investments included four industrial deals, two hotel-to-multifamily conversions, one build-for-rent investment and one distressed office transaction.
“We are very pleased with the portfolio we built for Fund VI which is positioned to perform well despite current market uncertainties and macroeconomic headwinds,” said Marcus Duley, chief investment officer of WDIP. “We have acquired properties at attractive bases relative to replacement cost and are executing business plans that create intrinsic value. For our new development investments, we are on track to achieve stabilized yield-on-costs well above exit cap expectations. This will serve to protect investor downside while positioning the investments for upside realization.”
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Walker & Dunlop Investment Partners was founded in 2006 and has gained prominence across the country as one of the real estate industry’s leading middle market investment managers. Since its inception, the firm has invested in or advised on more than $14.8 billion of real estate in over 600 transactions.
Added Marcus Duley, “We continue to remain very active in the market and expect to see strong investment opportunities on behalf of our managed accounts and any potential future funds.”
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