BETHESDA, Md., Oct. 15, 2018 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today that its investment sales group,
Walker & Dunlop Investment Sales, LLC ("WDIS") closed the sale
of Stadium Walk and Overlook at Huntcrest, two
multifamily properties located in Atlanta, Georgia. The two transactions were
completed on behalf of Brand Properties and totaled nearly
$133,000,000.
Situated in a nation-leading employment hub, Stadium Walk and
Overlook at Huntcrest represent an unparalleled multifamily
investment opportunity in a booming city. Since the Great
Recession, Atlanta's suburban
renter base has grown faster than any other suburbia or city center
in the United States1.
Atlanta's diverse economy,
relatively low cost of living, abundance of well-paying jobs and
high quality of life have enabled the city to maintain this high
level of population growth.
Led by Kris Mikkelsen and
Chris Goldsmith, WDIS' Southeastern
team represented the seller, Brand Properties, in the sale to Blaze
Partners. Following the sale, the company's multifamily finance and
capital markets team, led by Stephen
West, Matthew Wallach and
Justin Nelson, arranged financing
for the buyer's acquisition.
Stadium Walk, a 309-unit, Class A luxury community is located in
the Cumberland submarket of
Cobb County. The high-density
surface parked community is within walking distance of The Battery
Atlanta, a $2 billion mixed-use
development and home of the Atlanta Braves. Overlook at Huntcrest
is a 299-unit, garden-style apartment community located in the
Sugarloaf submarket of Gwinnett
County, one of Atlanta's
most affluent communities. Area residents benefit from strong
public schools, upscale shopping, cultural venues and ample
recreational opportunities.
"Brand Properties delivered two excellent long-term investments
in submarkets poised for continued growth and success. Blaze and
their equity partner recognized the challenges related to
additional multifamily development in both municipalities and the
long-term growth prospects that come with those barriers to entry,"
Mr. Mikkelsen commented.
WDIS is a leader in the multifamily brokerage space and
continues to expand its capabilities and reach across the United States. In 2018, the team expanded
its footprint to several new markets, including Boston, Dallas, and Southern
California. To learn more about Walker & Dunlop's
investment sales capabilities, visit our website.
About Walker & Dunlop
Walker & Dunlop (NYSE:
WD), headquartered in Bethesda,
Maryland, is one of the largest commercial real estate
services and finance companies in the
United States providing financing and investment
sales to owners of multifamily and commercial properties.
Walker & Dunlop, which is included in the S&P SmallCap 600
Index, has over 650 professionals in 29 offices across the nation
with an unyielding commitment to client satisfaction.
1 Source: RentCafe
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SOURCE Walker & Dunlop, Inc.