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Walker & Dunlop Capital Markets recently arranged the joint venture partnership between AIP, Pointsfive, and Bridge Investment Group for the landmark $132 million re-development of the former Greyhound Bus Station in Richmond, Virginia into a multifamily community.
We secured the equity, in addition to an $85.6 million construction financing with Madison Realty Capital. Upon completion, the 550,000 square-foot project will deliver 386 Class-A residences and over 14,000 square feet of retail in Richmond’s Scott’s Addition District, one of the city’s fastest-growing neighborhoods.
Mo Beler, Jonathan Paine, Heather McClure, Cory Elbaum, Michael Williams, and Jackson Irwin of our Equity & Structured Finance team served as exclusive advisor to co-developers, AIP and Pointsfive, and arranged the equity investment from Bridge Investment Group.
Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Sean Reimer, and Michael Brown of our Institutional Advisory team secured construction financing with Madison Realty Capital.