"The strategic refinance of these properties allowed Cortland Partners to monetize the tremendous value we have created within the portfolio. Our long-standing partnership with both Walker & Dunlop and Freddie Mac gave us confidence that the transaction would be handled with professionalism and, as always, we were pleased by the commitment, knowledge and efficiency demonstrated by the team," stated Cortland Partners Chief Investment Officer, Mike Altman.
The 13 properties within the portfolio are comprised of 4,871 units located in Texas, Georgia and Florida. The properties are both owned and operated by Cortland Partners.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 500 professionals in 24 offices across the nation with an unyielding commitment to client satisfaction.
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SOURCE Walker & Dunlop, Inc.