Gelt Pays $156M for Southern California Community

  • Jan. 25, 2022
  • Multi-Housing News

Walker & Dunlop provided a $91.3 million acquisition loan to Gelt Inc who acquired of Volta on Pine, a 271-unit multifamily property in Long Beach, Calif. The company acquired the asset for $156 million from developers Holland Partners and North America Sekisui House. Walker & Dunlop represented the sellers in the transaction. The firm also worked on behalf of Gelt to secure a $91.3 million acquisition loan from Nuveen.

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