Walker & Dunlop Completes Sale and Financing for Best-in-Class Multifamily Property in LA's Thriving Warner Center
Walker & Dunlop has finalized the sale and financing of Hanover Warner Center, a 395-unit multifamily property in Los Angeles, completed in 2020. The property, situated in an area poised for $7 billion in investments, features high-end amenities and finishes. Notably, Walker & Dunlop reported $4.74 billion in property sales during the first half of 2021 and over $31 billion in multifamily transactions in 2020. This positions them as a leader in the multifamily market.
- Completion of the sale and financing for Hanover Warner Center, a desirable multifamily property.
- The property is located in an area set for significant investment ($7 billion).
- Walker & Dunlop achieved $4.74 billion in property sales volume in H1 2021.
- None.
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
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
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.
FAQ
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