StepStone Commits $200M in Deal With Western Wealth Capital; partnership enables the recapitalization and refinancing of a multi-property portfolio

10/31/2024

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MHN

• Subcategory: Capital Markets: Equity, MF: Market Rate

• Tag: Closing | Investment | JV-Partnership | Sale | Strategy

• Additional Filters-Subcategory: Capital Markets: Debt-Loan, Capital Markets: Debt-Refinance, MF: Garden, MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio, Sale: Recapitalization

• Company: Jones Lang LaSalle (NYSE: JLL)

Western Wealth Capital, a Canadian-based real estate investment company, has recapitalized an 11-property, 2,750-unit U.S. multifamily portfolio with $200 million from StepStone Group Real Estate. The recapitalization and strategic partnership with StepStone enabled WWC to refinance the assets and will fund value-add improvements throughout the portfolio.