BOSTON– Walker & Dunlop, Inc. has arranged $356.4 million in financing for the acquisition of a four-property multifamily portfolio across prominent suburban markets in Massachusetts and Rhode Island, the firm announced.
The financing was secured on behalf of Harbor Group International (HGI), a longtime client of Walker & Dunlop. The deal was led by Craig West, Senior Managing Director in the firm’s Capital Markets division, with Freddie Mac providing the acquisition financing.
Comprising 1,817 apartment units and approximately 1.8 million rentable square feet, the portfolio includes:
- Royal Crest Marlboro, Marlborough, MA – 473 units, 479,308 sq. ft.
- Royal Crest Warwick, Warwick, RI – 492 units, 547,129 sq. ft.
- Waterford Village, Bridgewater, MA – 588 units, 571,570 sq. ft.
- Wexford Village, Worcester, MA – 264 units, 269,000 sq. ft.
Built between 1970 and 1974, the communities are located in growing suburban submarkets with strong economic fundamentals and limited new multifamily supply.
“The demand for multifamily rentals in New England’s suburban markets has grown steadily in recent years, fueled by strong population trends, job growth, and a resilient local economy,” said Craig West. “We are proud to support this acquisition, which represents a strategic opportunity for continued multifamily growth through this best-in-class partnership.”
The acquisition expands Harbor Group International’s multifamily footprint in the Boston region, where the firm already operates a significant portfolio.
“With limited new supply near each property, we are well positioned to leverage our local expertise to sustain strong occupancy and execute targeted renovations,” said Yisroel Berg, CEO of Multifamily at HGI. “We are also pleased to partner with the experienced team at Walker & Dunlop on this successful acquisition financing.”
This latest transaction underscores Walker & Dunlop’s ongoing role as a leading capital provider in the multifamily space. In 2024, the firm originated over $30 billion in debt financing, including more than $25 billion specifically for multifamily properties.
