Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today that its investment sales group, Walker & Dunlop Investment Sales, LLC ("WDIS") closed a sale for Signature at Kendall, a newly constructed Class AA multifamily property in Kendall, Florida. The WDIS team was led by Roberto Pesant and Chris Conklin, both Managing Directors in the Company's South Florida office. Walker & Dunlop placed the exclusive listing on behalf of real estate funds managed by Ares Management.
Located in the heart of one of Miami-Dade County's most prestigious submarkets, Signature at Kendall benefits from the area's high rental demand. Properties in the area are desired by institutional owners, including fund advisors, insurance companies and REITs. Occupancy rates in Kendall have historically remained above 96 percent since 2010 and the area surrounding the property enjoys strong local employment and excellent connectivity to south Florida's office hubs.
Mr. Pesant commented, "Signature at Kendall is a unique property that is unparalleled in terms of its offerings. Despite being one of the finest local multifamily communities delivered to date, its rents are still accessible to a broad renter pool, making it an excellent long-term investment."
Signature at Kendall was constructed in two phases, delivered in 2016 and 2017, and is the newest multifamily community within its competitive set. The property features quick access to major thoroughfares and local amenities, including upscale retail centers, award-winning schools, local museums and parks, and a newly-built Publix grocery store just 0.5 miles away. The resort-style amenity package includes gated access, two pools, two clubhouses, a game room, fitness center, outdoor spa, and ample parking, all within a setting defined by elegant architecture and excellent landscaping. Phase two of the development is unique within the submarket, featuring contemporary finishes, hard flooring throughout every unit, and elevators in the four-story buildings.
Walker & Dunlop's Investment Sales team has closed over $1.5 billion in sales in South Florida over the last 30 months. WDIS is one of the nation's leading multifamily brokerage platforms and is active in representing and advising clients throughout the United States.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and 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 600 professionals in 28 offices across the nation with an unyielding commitment to client satisfaction.
