Walker & Dunlop Completes Sale of Luxury Multifamily Property in Westfield, New Jersey

Mr. Walsh commented, “Institutionally created, owned, and managed, 333 Central Avenue is Westfield’s maximum-good quality luxurious rental assets. Although improvement alongside the Raritan Valley Prepare Line is fast escalating, the majority of competing belongings are privately owned by generational-targeted buyers. Rockwood Cash saw a tremendous prospect to obtain an institutional-caliber, boutique transit-oriented progress asset in a single of New Jersey’s trophy bed room communities together a substantial barrier to entry transit route.”

333 Central options finest-in-class unit inside finishes and amenities, together with a modern neighborhood home, 24-hour health and fitness studio with Pilates, yoga, and exercise on desire, a package concierge, rooftop terrace, immediate-obtain secured parking garage, and a doggy stroll and pet-washing facility. The property sits immediately across the street from the Westfield Prepare Station, which registers the optimum ridership of any station on New Jersey Transit’s Raritan Valley Line. Downtown Westfield is just one of the most interesting districts for enjoyment, buying, and restaurants, creating 333 Central really desirable for residents looking for a reside, get the job done, and engage in lifestyle.

Walker & Dunlop is a chief in multifamily home revenue, obtaining finished $4.74 billion in property gross sales quantity in the initially 50 percent of 2021. The firm was also the leading provider of funds to the U.S. multifamily market place, originating $31 billion in transactions and lending about $24 billion for multifamily attributes in 2020.

About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is the largest service provider of money to the multifamily marketplace in the United States and the fourth greatest loan provider on all professional authentic estate like industrial, office environment, retail, and hospitality. Walker & Dunlop allows true estate homeowners and operators to convey their visions of communities — exactly where Individuals reside, perform, store, and play — to existence. The electricity of our persons, leading brand, and marketplace-top technology permits us to meet up with any consumer have to have – like financing, analysis, house gross sales, valuation, and advisory solutions. With in excess of 1,000 employees throughout every single major U.S. sector, Walker & Dunlop has regularly been named one particular of Fortune’s Great Places to Work® and is fully commited to earning the commercial actual estate business far more inclusive and numerous even though building significant social, environmental, and economic modify in our communities.

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