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The firm now owns and/or manages 11 apartment communities in Southern California.
The garden-style community was completed in 2023.
The 60% loan-to-cost bank loan was structured at SOFR + 400.
Rental premiums have shrunk noticeably each month over the last year.
Construction in the city just can't keep up with demand.
Here are our picks for the year.
Walker & Dunlop secured the financing from Hudson Bay Capital.
The 76,368-square foot property traded for $45.5 million.
The properties are spread across the US.
Net proceeds were used to pay down debt.