A. Walker & Co. (AWC), a minority-owned, operated, and institutionally-backed investment manager, announced that its inaugural vehicle, AWC Real Estate Opportunity Partners I, LP (REOP I), has a total capital commitment of up to $75 million. This vehicle has deployed $20.4 million into multiple transactions in California, Illinois, Georgia, Maryland, and Texas. REOP I has 2,450 units acquired or under development, with $352 million valued in underlying assets and development pipeline.
AWC remains committed to its original goal of providing unique capital solutions for developing and preserving affordable housing. The firm remains steadfast in supporting diverse and emerging operators, developers, and their communities.
The firm also often collaborates with co-investment partners who have similar interests to deliver financial and community support. And the firm seeks to foster sustainable and inclusive growth across the industry.
REOP I primarily focuses on small- and middle-market multifamily transactions, usually with affordable housing components. It deploys capital as a co-general partner, a limited partner, preferred equity investor, and/or mezzanine lender. And the vehicle provides certainty to development partners through well-structured capital, including tax-advantaged structures.
In its Q2 2024 Investor Letter, AWC reaffirmed a commitment to collaborating with the development community and mission-aligned capital partners to expand its portfolio of multifamily properties, which includes a particular focus in the South and Midwest. And the firm seeks to deploy capital into investments that take full advantage of both public and private incentive programs for the development of multifamily housing in the United States. Plus, it also announced the addition of Emily Tavis, SVP of Operations and Compliance.
KEY QUOTE:
“While we’ve been working through a challenging and turbulent economic environment. We continue to see significant pipeline activity from our network. With our additional capital commitments, we look forward to deploying additional value-add investments and counsel into this unique market. We remain committed to supporting diverse developers, delivering value to long-term investors, and to leveraging public-private partnerships to help diverse entrepreneurs develop additional affordable housing units across the country.”
-Austin Walker, CEO and Managing Principal
