Walker & Dunlop Investment Partners announced that its Fund VII is fully invested, having deployed $135.8 million across 16 multifamily and industrial investments throughout the United States, completing the fund's investment period. The fund, managed by Brian Cornell, Ryan Castle, Marcus Duley, and Mitch Resnick, closed with a $5.7 million investment in a 154-unit multifamily community in the Portland, Oregon, metropolitan area. Of the total, 66% was invested in industrial properties and 34% in multifamily properties, targeting underutilized and undervalued assets with equity checks ranging from $5 million to $25 million. Cornell, managing director and head of Equity at WDIP, said average occupancy across the fund's multifamily portfolio rose from 61% at acquisition to 81% as of the second quarter, while industrial portfolio occupancy climbed from 86% to 97%. WDIP said it continues to evaluate opportunities to deploy equity capital into middle market investments.
Walker & Dunlop IncWDIP's $135.8M Fund VII fully deployed across 16 multifamily and industrial investments, with portfolio occupancy improving sharply.
