LOS ANGELES, Sept. 22, 2021 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today that it completed the sale and
financing for Hanover Warner Center, a 395-unit, Class A
multifamily property in Los Angeles,
California that was completed in 2020. The newly constructed
seven-story building is located in the rapidly evolving Warner
Center neighborhood, home to the city's largest Specific Plan which
is expected to receive roughly $7
billion in total private and public investment when
completed.
Walker & Dunlop's Blake
Rogers, Hunter Combs,
Alexandra Caniglia,
and Javier
Rivera represented the sellers, The Hanover Company and
Goldman Sachs Asset Management. Craig
West and Justin Nelson,
who specialize in multifamily finance at Walker & Dunlop,
worked alongside the team to arrange acquisition financing on
behalf of the buyer, Bell Partners.
Hanover Warner Center features bespoke, best-in-class unit
interior finishes and a robust amenity package, including a
resort-style pool, fully equipped fitness center, two rooftop
sundecks, theater, grilling stations, and a fire pit. The community
offers studios, one-, two- and three-bedroom units, as well as
loft-style apartments with 16-foot ceiling heights. Premium
finishes include stainless steel appliances, quartz countertops,
and in-unit washers and dryers.
Walker & Dunlop is a leader in multifamily property sales,
having completed $4.74 billion in
property sales volume in the first half of 2021. The firm was also
the top provider of capital to the U.S. multifamily market,
originating $31 billion in
transactions and lending over $24
billion for multifamily properties in 2020. For information
about Walker & Dunlop's view on the apartment market, read our
recently-released Summer 2021 Multifamily Outlook Report.
About Walker & Dunlop
Walker &
Dunlop (NYSE: WD) is the largest provider of capital to the
multifamily industry in the United
States and the fourth largest lender on all commercial real
estate including industrial, office, retail, and hospitality.
Walker & Dunlop enables real estate owners and operators to
bring their visions of communities — where Americans live, work,
shop and play — to life. The power of our people, premier brand,
and industry-leading technology make us more insightful and
valuable to our clients, providing an unmatched experience every
step of the way. With over 1,000 employees across every major
U.S. market, Walker & Dunlop has consistently been named
one of Fortune's Great Places to Work® and is committed
to making the commercial real estate industry more inclusive and
diverse while creating meaningful social, environmental,
and economic change in our communities.
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SOURCE Walker & Dunlop, Inc.