The joint venture will make equity investment in multifamily and other industrial properties across the country. The United States. The partnership will invest in real estate’s strong middle market, focusing on its strengths. $15 Million to $50 million in equity per deal alongside sponsors with track records of successful value-add transactions. WDIP expects the joint ventureTo invest in up to 30 assets with a total value in excess of $1.5 billion.
“With the current market dynamics in commercial real estate, industrial and multifamily provide more stability than other property types, and we continue to see a steady deal flow of attractive value-add opportunities in these asset classes,” Mitch ResnickWDIP President. “For many owners and operators, it has become even more important to gain access to strategic capital to fill their capital stacks. This partnership with Pacific Life will enable us to continue deploying capital in high-quality opportunities across the country.”