Largest Land Trade Titled in Santa Monica, California, Historic Made by Walker & Dunlop
In total, the development portfolio comprises 325,391 net rentable square feet, including 31,473 square feet of commercial space and 627 multi-family units – all of which are fully licensed and approved by the Architectural Review Board, providing the buyer with luxury. to bypass the strict Santa Monica obstacles to development.
Walker & Dunlop’s Blake rogers, Javier rivera, Alexandra Caniglia, and Hunter combs depicted the vendor, WS Communities in the layout. Along with the highly competitive sales and advisory process, the team worked with the company’s Capital Markets team, including Aaron Appel, Keith kurland, Jon schwartz, and Adam schwartz, to facilitate the financing of Blackstone Real Estate Debt Strategies on behalf of the buyer, Tishman Spire.
Santa Monica, the epicenter of “Silicon Beach” is one of the most desirable neighborhoods in Los Angeles, renowned for its world-renowned beaches and countless shops, restaurants and nightlife spots. The city also benefits from accessibility Los Angeles’ residential, economic, cultural and entertainment centers. Each property within the Santa Monica Portfolio is well located and offers exceptional pedestrian accessibility, with an average Portfolio Walk Score of 91.
Walker & Dunlop is a leader in the sale of multi-family properties, having completed $ 5.2 billion in real estate sales volume in the third quarter of 2021 alone, up 373% from the same period in 2020. The company was also the leading provider of capital to the US multi-family market, $ 31 billion in transactions and loans $ 24 billion for multi-family properties in 2020. Visit our website for more information on multi-family properties available for sale through the Walker & Dunlop investment sales platform.
About Walker & Dunlop
Walker and Dunlop (NYSE: WD) is the largest provider of capital to the multi-family industry in United States and the fourth largest lender on all commercial real estate, including industrial, office, retail and hospitality. Walker & Dunlop empowers real estate owners and operators to bring their vision of communities to life – where Americans live, work, shop and play. The power of our people, our premier brand and cutting edge technology make us more insightful and valuable to our customers, delivering an unparalleled experience every step of the way. With over 1000 employees in all major US markets, Walker & Dunlop a always been named one of the FortuneThe best places to workÂ® and is determined to make the commercial real estate industry more inclusive and diverse while create meaningful social, environmental and economic changes in our communities.
SOURCE Walker & Dunlop, Inc.