A. Walker & Company's REOP 1 Fund Closes $50 Million in Capital Commitments

The vehicle also has an option for up to an additional $25 Million, raising the total to $75 Million.

NEW YORK, Sept. 25, 2024 /PRNewswire/ -- A. Walker & Co., (AWC) a minority-owned and operated, institutionally-backed investment manager, is proud to announce that its inaugural vehicle, AWC Real Estate Opportunity Partners I, LP ("REOP I") has a total capital commitment of up to $75 Million. The vehicle has deployed $20.4 million into multiple transactions located in California, Illinois, Georgia, Maryland, and Texas. REOP I has a total of 2,450 units acquired or under development, with $352 Million valued in underlying assets and development pipeline.

AWC remains committed to its original mission, which was to provide unique capital solutions for the development and preservation of affordable housing solutions. The firm remains steadfast in supporting diverse and emerging operators and developers, as well as the communities they serve. The firm often collaborates with co-investment partners who have similar interests to deliver both financial and community support. The firm seeks to foster sustainable and inclusive growth across the industry.

REOP I primarily focuses on small- and middle-market multifamily transactions, typically with affordable housing components, and deploys capital as a co-general partner, a limited partner, preferred equity investor, and/or mezzanine lender. The vehicle provides certainty to development partners through well-structured capital, including tax-advantaged structures.

"While we've been working through a challenging and turbulent economic environment," said Austin Walker, CEO and Managing Principal, "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."

In its Q2 2024 Investor Letter, AWC reaffirmed its 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. 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. It also announced the addition of Emily Tavis, SVP of Operations and Compliance.

About A. Walker & Co.
Founded in 2022, A. Walker & Co. is a minority-led investment manager with a passion for strong partnerships with emerging and diverse multifamily operators, as well as for the preservation of affordable housing in historically significant communities and neighborhoods nationwide. They are headquartered in New York, NY. 

NOTICES

Not an Offer or Solicitation
This press release has been prepared and is being furnished solely for informational purposes, and the views and statements expressed herein are those solely of A. Walker & Co. In particular, this press release is not, and is not intended to be, an offer to sell, or a solicitation of an offer to purchase, any securities or any other interest in A. Walker & Co., REOP I, or in any fund, account, or other investment product or assets managed by A. Walker & Co., or to offer any services. Any such offering and sale would be made only on the basis of certain transaction documents and, as the case may be, a final private placement memorandum and related governing and subscription documents (together, "transaction documents") pertaining to such offering and sale and is qualified in all respects and in its entirety by any such final transaction documents.

Valuation
The current values set forth herein include unrealized investments and are based on AWC's estimates of fair value of such investments, and they have not been audited or independently verified by any third party. In many circumstances, a different valuation methodology would result in a different valuation and, in certain circumstances, this difference could be material. An estimate of fair value depends on subjective inputs and assumptions. Although AWC believes its fair value methodologies are appropriate, ultimate realization of the value of an asset depends to a great extent on economic and other conditions beyond the control of AWC. Actual realized returns on unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale or repayment, all of which may differ from the assumptions and circumstances on which the valuations used in the performance data contained herein are based. Accordingly, due to various risks, uncertainties and changes beyond the control of AWC, the actual realized returns on these unrealized investments may differ materially from the returns indicated herein and there can be no assurance that these values will ultimately be realized upon disposition of investments.

Forward-Looking Statements
Certain information contained herein constitutes "forward‐looking statements," which can be identified by use of forward‐looking terminology such as "may," "will," "should," "expect," "attempt," "anticipate," "project," "estimate," "intend," "seek," "target," "continue," or "believe," or the negatives thereof or other variations thereon or comparable terminology. Due to the various risks and uncertainties, actual events or results in the actual performance of investments may differ materially from those reflected or contemplated in such forward‐looking statements.

SOURCE A. Walker & Co.

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