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Walker & Dunlop structures $40.4M hotel-to-multifamily redevelopment deal

Bethesda-based commercial real estate services and finance company Walker & Dunlop Inc. announced Wednesday it has structured equity and debt financing for the recapitalization of The Mark Apartments, a 227-unit, high-rise apartment complex in Alexandria, Virginia. The clients, Northpoint Realty Partners and Persimmon Capital Partners, recently completed an extensive redevelopment program to transform the property from an outdated ...

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