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Walker & Dunlop Arranges $356 Million for Boston Area Portfolio

via Business Wire

Walker & Dunlop, Inc. announced today that it arranged $356,411,000 in financing for the acquisition of four properties, all located within prominent New England MSAs.

Walker & Dunlop Capital Markets, led by Craig West and team, arranged the portfolio financing on behalf of an affiliate longtime client, Harbor Group International, with Freddie Mac providing acquisition financing.

The portfolio comprises 1,817 units and approximately 1.8 million rentable square feet across four communities. Built between 1970 and 1974, the properties are located in some of New England’s most desirable suburban markets, including Marlborough, Worcester, and Bridgewater, Massachusetts, as well as Warwick, Rhode Island.

“The demand for multifamily rentals in New England’s suburban markets has grown steadily in recent years, fueled by strong population trends, job growth, and a resilient local economy,” said West, senior managing director, Capital Markets at Walker & Dunlop. “We are proud to support this acquisition, which represents a strategic opportunity for continued multifamily growth through this best-in-class partnership.”

Additional Information about the properties can be found below:

Royal Crest Marlboro

  • Location: Marlborough, Massachusetts
  • Size: 473 units | 479,308 sq. ft.

Royal Crest Warwick

  • Location: Warwick, Rhode Island
  • Size: 492 units | 547,129 sq. ft.

Waterford Village

  • Location: Bridgewater, Massachusetts
  • Size: 588 units | 571,570 sq. ft.

Wexford Village

  • Location: Worcester, Massachusetts
  • Size: 264 units | 269,000 sq. ft.

“The Boston area continues to demonstrate strong multifamily fundamentals, a market where we already maintain a significant operating presence,” said Yisroel Berg, CEO of Multifamily, Harbor Group. “With limited new supply near each property, we are well positioned to leverage our local expertise to sustain strong occupancy and execute targeted renovations. We are also pleased to partner with the experienced team at Walker & Dunlop on this successful acquisition financing.”

Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2024 the firm originated over $30 billion in debt financing volume, including over $25 billion for multifamily properties. To learn more about our capabilities and financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

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