Walker & Dunlop structures co-GP venture for build-for-rent development portfolio

Walker & Dunlop has structured a programmatic joint venture partnership for Perch, a portfolio of build-for-rent (BFR) housing developments.

Walker & Dunlop's team advised its client, Good + West, in identifying a co-general partner that will provide both funds and support as they execute this business plan. Good + West currently has a construction pipeline of more than $150 million and plans to complete approximately $400 million of Perch developments within the next four years. The Walker & Dunlop team identified a Dallas-based private equity fund as the ideal capital partner for Good + West.

The Perch portfolio will comprise multiple dedicated rental communities, delivering a best-in-class product with outdoor spaces, outstanding design and family-friendliness. Initially breaking ground in the Dallas–Fort Worth and Austin metro areas, the new partnership will cater to each city's increased migration and quickly growing workforce. Austin, in particula