Walker & Dunlop Arranges $53.6M Sale of 929 MASS in Cambridge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
Source: Businesswire
- Successful Transaction: Walker & Dunlop successfully arranged the $53.6 million sale of the 929 MASS property in Cambridge, showcasing its strong influence and execution capabilities in the multifamily market.
- Financing Support: Concurrently, a $37.1 million fixed-rate Fannie Mae loan was secured for John M Corcoran & Company, ensuring ample acquisition funding and further solidifying its market position.
- Market Potential: The prime location of 929 MASS positions it to meet local housing demand, particularly for affluent professionals working in Boston's Financial District and Seaport, which is expected to enhance rental income and property value.
- Strategic Partnership: The collaboration between JMC and Stars REI will provide professional support for property management and upgrades, ensuring a smooth transition and enhancing resident experience, thereby increasing the property's market competitiveness.
WD
$61.54+Infinity%1D
Analyst Views on WD
Wall Street analysts forecast WD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WD is 96.00 USD with a low forecast of 95.00 USD and a high forecast of 97.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 60.300
Low
95.00
Averages
96.00
High
97.00
Current: 60.300
Low
95.00
Averages
96.00
High
97.00
About WD
Walker & Dunlop, Inc. is a commercial real estate finance and advisory services company. It is focused on multifamily lending and property sales, commercial real estate debt brokerage, and investment management services. Its segments include Capital Markets (CM), Servicing & Asset Management (SAM), and Corporate. CM segment provides a comprehensive range of commercial real estate finance products to its customers, including agency lending, debt brokerage, property sales, and appraisal and valuation services. It also provides real estate-related investment banking and advisory services. The SAM segment's activities include servicing and asset-managing the portfolio of loans the Company originates and sells to the agencies, brokering to certain life insurance companies, and originating through its principal lending and investing activities, and managing third-party capital invested in tax credit equity funds focused on the affordable housing sector and other commercial real estate.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
