Latest news with #SeanReimer
Business Wire
30-06-2025
- Business
- Business Wire
Walker & Dunlop Arranged $170 Million Financing for Class A Mixed-Used Project in Downtown Salt Lake City
BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that it secured $170 million to refinance Post District, a Class A, mixed-use complex containing 580 residential units located in Downtown Salt Lake City, Utah. Walker & Dunlop New York Capital Markets, led by Aaron Appel, Sean Reimer, Keith Kurland, , Adam Schwartz, Dustin Stolly, and Jackson Irwin, served as an exclusive advisor to Bridge Investment Group, with financing provided by Fannie Mae via their near-stabilization program. Developed by joint venture team, Bridge Investment Group, Blaser Ventures and Lowe Property Group as an opportunity zone development, Post District opened in December 2023 and includes five buildings located on the Post District block between 500–600 South and 300–400 West in downtown Salt Lake City. Offering a wide array of layouts – from micro-studios to three-bedroom penthouses – Post District is well versed to cater to multiple different types of residents. The property offers nearly 26,000 square feet of retail space and 498 parking spaces. 'Post District is a dynamic urban redevelopment that reflects the strong demand for thoughtfully designed, mixed-use communities in Salt Lake City's urban core,' said Sean Reimer, managing director of New York Capital Markets at Walker & Dunlop. 'Located at the grand entrance to downtown Salt Lake City, Post District stands as a pioneering example of opportunity zone development, transforming a once-underutilized block of warehouses into a vibrant, premier live-work-play destination.' Community amenities include an 8,000-square-foot gym with cutting-edge equipment, a resort-style indoor-outdoor pool deck and glass infinity-edge spa, a movie theater, golf simulator, dog wash, community electric bikes, game room, multiple rooftop lounges, grill area, coworking lounge, market, and club room. Walker & Dunlop New York Capital Markets also arranged $157.5 million in loan proceeds to refinance Post District in November 2023. Read the previous press release here. Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2024 the firm originated over $30 billion in debt financing volume, including lending over $25 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry's top developers, owners, and operators. To learn more about Walker & Dunlop's broad financing options, visit our website. About Walker & Dunlop Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry. About Bridge Investment Group Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $49 billion of assets under management as of March 31, 2025. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. verticals across real estate, credit, renewable energy and secondaries strategies. About Blaser Ventures Blaser Ventures is a Salt Lake City-based real estate developer focused on impact, sustainability, and placemaking. They specialize in Opportunity Zone projects, reuse historic structures, create mixed-income housing, and support local businesses. With over 400 affordable units in progress, Blaser builds long-term, community-enhancing developments that reduce carbon impact and preserve neighborhood character. About Lowe Property Group Lowe Property Group is a Salt Lake City–based, family-owned and vertically integrated real estate development and investment firm. LPG owns and operates over 2,500 residential units and 50,000 sq ft retail, 150,000 sq ft office, with over $1 billion assets under management. Their development arm is constructing 750+ units (>$300 M cap), while their private equity team invests nationally in multifamily and opportunistic assets.
Business Wire
17-06-2025
- Business
- Business Wire
Walker & Dunlop Arranges $125 Million Construction Loan for Mixed-Use Property, Cassi in the Miami Design District
BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that it arranged a $125 million loan to finance the construction of Cassi, a 107-unit mixed-use project located in Miami's acclaimed Design District. Walker & Dunlop New York Capital Markets, led by Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, and Michael Stepniewski, were exclusive advisors to the joint venture team that includes Miami Design District Associates, Hunter Pasteur, and The Forbes Company. Amerant Bank led the financing package that also included Bank Hapoalim. 'Cassi Miami benefits from highly favorable zoning, allowing our client to deliver a cohesive and thoughtfully designed development,' said Sean Reimer, managing director of Capital Markets at Walker & Dunlop. 'As Miami's economy continues to thrive and demand for luxury, amenitized spaces grows, we're proud to partner with the sponsorship team and look forward to bringing this exceptional project to life.' The 20-story project includes 161,444 rentable square feet of residential space across a mix of 107 units, averaging 1,509 square feet. Unit types range from one- to three-bedrooms with dens. The amenity-rich project also features 23,000 rentable square feet of retail space and is located at the gateway of the Miami Design District, one of the city's most culturally significant developments, known for world-class art, luxury retail and award-winning restaurants. Legal representation for the transaction was provided by Adam Lustig, Salomé Bascuñan, and Kevin Koushel of Bilzin Sumberg on behalf of the joint venture team, and Mark Somerstein and Amanda Phillips of Greenspoon Marder on behalf of Amerant Bank and Bank Hapoalim. In 2024, Walker & Dunlop's Capital Markets team sourced over $16 billion from non-Agency capital providers. This vast experience has made them a top advisor on all asset classes for many of the industry's top developers, owners, and operators. To learn more about Walker & Dunlop's broad financing options, visit our website. About Walker & Dunlop Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry. About Miami Design District The Miami Design District is a one-of-a-kind neighborhood that combines luxury shopping, galleries, museums, design stores, restaurants, and major art and design installations all within an architecturally significant context. The Miami Design District is owned and operated by Miami Design District Associates, a partnership between Dacra, founded and owned by visionary entrepreneur Craig Robins, and L Catterton Real Estate, a global real estate development and investment fund, specializing in creating luxury shopping destinations. As Miami becomes increasingly known for its own rich culture, the growth of the Miami Design District further reflects how the city is deserving of its place on the global stage.
