Walker & Dunlop Secures $356M Financing for New England Apartment Portfolio
Walker & Dunlop, Inc. announced it has arranged $356.4 million in financing for the acquisition of a four-property apartment portfolio spanning eastern Massachusetts and Rhode Island. The financing was secured on behalf of an affiliate of Harbor Group International, a long-standing client, with acquisition backing provided by Freddie Mac.
The portfolio includes a total of 1,817 apartment units and encompasses approximately 1.8 million rentable square feet across four communities. The properties, constructed between 1970 and 1974, are located in Marlborough, Worcester, and Bridgewater, Massachusetts, as well as Warwick, Rhode Island.
Craig West, Senior Managing Director of Capital Markets at Walker & Dunlop, led the financing effort.
“The demand for multifamily rentals in New England’s suburban markets has grown steadily in recent years, fueled by strong population trends, job growth, and a resilient local economy,” said West. “We are proud to support this acquisition, which represents a strategic opportunity for continued multifamily growth through this best-in-class partnership.”
Pictured: Royal Crest Marlborough apartments in Marlborough, MA.
