Walker & Dunlop announced that it arranged $121.5 million in equity and debt financing for the acquisition of Ocean Gate, a recently built, luxury class A apartment community with 170 multifamily units in Long Branch, N.J.
Walker & Dunlop Capital Markets served as the exclusive advisor to Lincoln Equities Group, raising $46.5 million in joint venture equity from RWN Real Estate Partners and Avenue Realty Capital, as well as $75 million in debt from TPG Real Estate Credit.
“We are pleased to partner with Walker & Dunlop, Avenue Realty Capital and TPG Real Estate Credit on this strategic acquisition, which positions us to unlock significant value in a unique New Jersey asset,” said Ari Shalam, managing partner at RWN Real Estate Partners. “W&D Capital Markets brought deep expertise and seamless execution to a complex transaction involving both equity and debt. We’re excited about the potential of this conversion and look forward to working togethe
