Walker & Dunlop Investment Partners has closed its seventh discretionary equity fund, Fund VII, a $135 million opportunistic vehicle focused on multifamily and industrial real estate across the U.S.
Fund VII, managed by Brian Cornell, Ryan Castle, Marcus Duley, and Mitch Resnick, has already seeded eight investments, totaling over 50% of its capital commitments, and is well on its way to fully deploying into what the team believes to be an exceptionally favorable market. The fund targets 15%+ net returns and 1.5x+ net multiples by capitalizing on underutilized and mispriced assets with actionable value enhancement plans. The fund’s core focus is on middle-market deals with equity checks ranging from $5 million to $25 million.
“Fund VII is a smaller, tactical equity vehicle designed to deploy capital quickly and efficiently in a space ripe with current opportunity and limited competition amongst equity providers,” said Cornell.
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