Key Takeaways
- • Walker & Dunlop originated $1.72 billion in Freddie Mac financing to refinance a 52-asset, 12,955-unit multifamily portfolio for Starwood Capital Group across 10 states, demonstrating capability to execute large-scale institutional transactions.
- • The refinancing covers predominantly workforce and affordable housing units, with properties concentrated in high-growth Southeast markets including Georgia, North Carolina, and Tennessee—regions Starwood identified as having strong long-term fundamentals.
- • The transaction was structured as a 10-year Freddie Mac loan and arranged through Walker & Dunlop's Capital Markets Institutional Advisory division on behalf of Starwood Real Estate Income Trust, with a team led by Senior Managing Director Dustin Stolly.
- • The portfolio originated from Starwood Capital's 2021 acquisition of 62 communities from Strata Equity Group, with this refinancing positioning the assets for sustained performance and long-term value creation.
- • CEO Willy Walker characterized the deal as evidence of the firm's ability to coordinate complex, multi-disciplinary financing teams across bankers and underwriters for sophisticated institutional clients.
Summary
Walker & Dunlop has completed a $1.72 billion refinancing of a substantial workforce and affordable housing portfolio owned by Starwood Capital Group. The transaction refinances 12,955 units across 52 properties located in 10 states, with the majority of assets concentrated in high-growth Southeast markets including Georgia, North Carolina, and Tennessee. The new financing comprises 10-year Freddie Mac loans arranged through Walker & Dunlop's Capital Markets Institutional Advisory division on behalf of Starwood Real Estate Income Trust.
The portfolio's origins trace to Starwood Capital's 2021 acquisition of 62 communities from Strata Equity Group. According to Starwood Capital President Jonathan Pollack, the company views the properties as well-positioned for long-term performance given their location in markets characterized by high growth and sustained migration patterns. Pollack emphasized that "a large majority of units in high-growth, high-migration markets" support confidence in fundamentals for both lenders and investors.
Walker & Dunlop's execution of the transaction underscores the firm's institutional capabilities in structuring and executing large-scale financings. CEO Willy Walker noted that transactions of this size and complexity require coordinated collaboration across banking and underwriting teams. The transaction was led by Senior Managing Director Dustin Stolly and included originators Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski, and Michael Ianno. The deal reflects continued demand for refinancing solutions in the workforce and affordable housing sector, where institutional investors and government-sponsored enterprises like Freddie Mac remain active providers of capital.
The portfolio's origins trace to Starwood Capital's 2021 acquisition of 62 communities from Strata Equity Group. According to Starwood Capital President Jonathan Pollack, the company views the properties as well-positioned for long-term performance given their location in markets characterized by high growth and sustained migration patterns. Pollack emphasized that "a large majority of units in high-growth, high-migration markets" support confidence in fundamentals for both lenders and investors.
Walker & Dunlop's execution of the transaction underscores the firm's institutional capabilities in structuring and executing large-scale financings. CEO Willy Walker noted that transactions of this size and complexity require coordinated collaboration across banking and underwriting teams. The transaction was led by Senior Managing Director Dustin Stolly and included originators Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski, and Michael Ianno. The deal reflects continued demand for refinancing solutions in the workforce and affordable housing sector, where institutional investors and government-sponsored enterprises like Freddie Mac remain active providers of capital.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.