DENVER, March 23,
2022 /PRNewswire/ -- Walker & Dunlop, Inc.
announced today that it completed the sale of Viridian Edge at
the Park and Western Hills, two value-add apartment
communities totaling 432 units in Colorado Springs, Colorado. Colorado Springs is home to an educated
workforce, attracted by a diverse set of industries, excellent
schools, and surrounding nature.
A joint venture between Griffis/Blessing and Freshwater
Investments owned Viridian Edge at the Park and Griffis/Blessing
exclusively owned Western Hills. Walker & Dunlop's Dan Woodward, David
Potarf, Matt Barnett,
and Jake Young served as
exclusive advisors to the owner, Griffis/Blessing. Following a
competitive marketing process, the team facilitated the disposition
of both properties to Birge & Held, the buyer.
"The Colorado Springs portfolio
represents our commitment to conserving affordable housing on the
Front Range and in the High Country," said Chris Brennan of Birge & Held. "We are
excited that this expands our footprint to the community of
Colorado Springs and our portfolio
to 1,200 plus units. Our local partners and team members look
forward to engaging with our new residents."
Mr. Young commented, "We were thrilled to offer the whole
platform to our clients, including facilitating a quick closing
with a unique capital structure. Both the buyer and seller were
excellent partners throughout this process and were integral to the
success of the transaction."
Located by the scenic Rocky Mountain front range, Viridian Edge
at the Park is situated just ten minutes from the revitalized
Downtown Colorado Springs, in the
northern suburbs. Western Hills is located in the Southeast suburbs
next to the Colorado Springs Airport, where Amazon recently
constructed a four million square-foot distribution center that
will employ more than 1,000 workers. Combining the best of both
worlds, these properties provide access to major employment centers
and proximity to downtown amenities while being surrounded by
endless outdoor activities.
Walker & Dunlop is a leader in multifamily property sales,
having completed $19.3 billion in
property sales volume in 2021 alone, up 214% from 2020. The firm
was also the third largest provider of capital to the U.S.
multifamily market, originating $49
billion in transactions and lending over $42 billion for multifamily properties in 2021.
For information about multifamily properties available for sale via
Walker & Dunlop's investment sales platform, visit
our website.
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.