– Walker & Dunlop Investment Partners (WDIP) closed its seventh discretionary equity fund, Fund VII, with $135 million in commitments.
– Fund VII is a value-add and opportunistic vehicle focused on middle market multifamily and industrial real estate across the U.S.
– The fund is managed by Brian Cornell, CFA, Ryan Castle, Marcus Duley, and Mitchell Resnick.
– Already over 50% deployed into eight seeded investments.
– Targets 15%+ net returns and 1.5x+ net multiples.
– Strategy centers on underutilized and mispriced assets with value enhancement plans.
– Equity checks range from $5 million to $25 million, focused on middle market deals often overlooked by institutional investors.
– Described as a smaller, tactical equity vehicle designed for quick and efficient deployment.
– Aims to capitalize on current market opportunities with limited equity competition.
– Portfolio focused on 2024 and 2025 vintages, benefiting from cyclical pricing lows and strong long-term fundamentals.
– Goal is to achieve attractive risk-adjusted returns with higher stabilized yield profiles that can endure higher interest rates.
– Brian Cornell, managing director and head of equity: “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. Our goal is to provide investors with a diverse portfolio of 2024 and 2025 vintage investments benefitting from cyclical pricing lows, strong long term demand fundamentals, and higher stabilized yield profiles that can withstand higher interest rates and generate very attractive risk adjusted returns.”
