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6/17/22
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Walker & Dunlop Investment Partners Inc (WDIP) and Pacific Life have partnered to form a $500 mil programmatic joint venture. The joint venture will make equity investments in multifamily and industrial properties across the United States.
Focusing on the robust middle market of real estate, the partnership will invest $15 mil to $50 mil in equity per deal alongside sponsors with track records of successful value-add transactions. WDIP expects the joint venture to invest in up to 30 assets with a total value in excess of $1.5 bil.
"With the current market dynamics in commercial real estate, industrial and multifamily provide more stability than other property types, and we continue to see a steady deal flow of attractive value-add opportunities in these asset classes," said Mitch Resnick, President of WDIP. "For many owners and operators, it has become even more important to gain access to strategic capital to fill their capital stacks. This partnership with Pacific Life will enable us to continue deploying capital in high quality opportunities across the country."
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