Walker & Dunlop has had a good first half of the year, having closed 17 transactions. These transactions involved 28 assets spread across California, Colorado, Idaho, Florida, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania and Washington. The assets comprise 2,955 units and total transaction volume YTD is $599 million, with the average transaction size $35.23 million and the total under agreement $361 million.
In July, W&D facilitated the sale of a seniors housing community in Huntingdon Valley, Pennsylvania, on behalf of a regional developer that has developed approximately 15 seniors housing buildings in the Philadelphia MSA. Built in 2022, Crescent Fields at Huntingdon Valley comprises 196 units of independent living, assisted living and memory care.
Joshua Jandris and Tom Falkenberg ran a highly targeted process, with the buyer being a publicly traded REIT. Legend Senior Living replaced the previous operator, and the transition will take place immediately. This is Legend’s ninth property under management in Pennsylvania and its second in the Philadelphia area. Over the past year, Legend has added 12 buildings to its portfolio. The company’s portfolio now comprises 60 senior living properties under management across six states (Florida, Colorado, Texas, Kansas, Oklahoma and Pennsylvania).
