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Walker & Dunlop Plans $50M Fund

BETHESDA, MD-This new multifamily fund will be complementary to the company's open-ended Apartment Fund I, which still has remaining equity to invest.

By Erika Morphy | Updated on November 12, 2007

(Read more on the debt and equity markets and more on the multifamily market.)

BETHESDA, MD-Walker & Dunlop is in the process of raising capital for a second multifamily fund, which is tentatively planned to go to market at the beginning of next year, according to James Gurley, SVP and head of Walker & Dunlop’s principal investments business. The new fund, to be called Walker & Dunlop Apartment Fund II, will likely have raised between $50 million to $100 million in equity. When leveraged, it should deliver about $250 million in purchasing power, he tells GlobeSt.com. Its investment goals will be to target value added multifamily opportunities in select markets in the Mid-Atlantic and southeast.

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