BETHESDA, Md., Nov. 14, 2018 /PRNewswire/ -- Walker &
Dunlop, Inc. (NYSE: WD) (the "Company") announced that JCR Capital,
its alternative investment management platform, has closed on its
fourth fund, JCR Capital Income Plus Fund IV, L.P. ("Fund IV"), at
$306 million. Fund IV easily
surpassed its initial target of $130
million.
Fund IV will primarily make participating preferred equity and
structured joint venture equity investments in value-add, cash
flowing properties with short duration investment periods.
Fund IV will focus exclusively on middle market properties
(properties currently valued at $50
million and less) in the multifamily, industrial and office
sectors, as well as select retail assets.
"The success of this fund raise is a direct result of JCR's
track record of protecting principal and providing investors with
attractive risk-adjusted returns through several market cycles,"
said Jay Rollins, managing principal
of JCR Capital. "In addition, the investment community
respected our history of accurately reading the market, including
calling the top of the market in 2007, and our ability to select
the appropriate investment strategy for the times."
"As we are deep into the current market cycle, there are
increasing concerns that the market is due for a correction," said
Rollins. "Fund IV is designed to protect against this
downside scenario with stress-tested underwriting, while providing
an 'upside hedge' in the event that a market dislocation does not
occur over the next three years."
JCR Capital is an SEC Registered Investment Adviser that invests
on behalf of insurance companies, public pension funds, endowments,
foundations and family offices. JCR Capital was acquired by
Walker & Dunlop in the second quarter of 2018 and continues to
operate independently as a wholly-owned subsidiary. The
closing of Fund IV brings Walker & Dunlop's total assets under
management to $1.1 billion, including
JCR regulatory assets under management and loans managed for the
Company's interim lending joint venture.
Nothing herein constitutes an offer to sell any security as
Fund IV is closed to new commitments. Market commentary, quotes and
forward-looking statements are opinions subject to change. All
investments have risk of loss including principal.
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. The company provides a comprehensive range of
capital solutions for all commercial real estate asset classes, as
well as investment sales brokerage services to owners of
multifamily properties. Walker & Dunlop is included on the
S&P SmallCap 600 Index and was ranked as one of FORTUNE
Magazine's Fastest Growing Companies in 2014, 2017, and
2018. Walker & Dunlop's 700+ professionals in 29 offices
across the nation have an unyielding commitment to client
satisfaction.
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SOURCE Walker & Dunlop, Inc.