The partners are actively seeking other investment opportunities nationwide. We have the expertise to step into a transaction such as this, add significant value, and create an excellent return on the investment". The Koenigsberg family has been involved in the Real Estate Business for over 55 years and have always recognized and continues to believe that multifamily residential housing is one of the most prudent long term real estate investments.Ĭraig Koenigsberg states, "Maynard Koenigsberg, my father, my partner, my mentor has been the driving force. Their apartment complexes are strategically spread over nineteen states east of the Mississippi and throughout the southwest. Houlihan, a partner in Houlihan-Parnes, is also chairman of iCap Realty Advisors, LLC, one of the nation's largest mortgage brokerage companies.ĬLK Management Corp., which is owned and controlled by Craig Koenigsberg, is one of the country's leading real estate companies which owns and operates over 25,000 apartments. These properties include shopping centers, office buildings, and warehouse facilities in addition to multi-family complexes. The firm owns and manages over 300 properties nationwide. Coolidge Equities, Ltd., the acquisition and development arm of Houlihan-Parnes, is led by Howard Parnes. Houlihan-Parnes Realtors, LLC is a family-owned business founded in 1891.
Our intent is to expand our holdings in these states". Fred Stahl of Coolidge notes: "This purchase meshes with our existing portfolio. Atlanta-based iCap originates between 700 million and 1 billion annually of brokered volume. and were purchased from New Plan Excel Realty Trust, Inc. Walker & Dunlop acquired commercial mortgage banker iCap Realty Advisors as part of its strategic plan to increase its annual originations by at least one-third in the next two years. The properties are spread over fourteen states in the eastern half of the U.S.
Means previous positions include Vice President at.
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have jointly purchased 53 garden apartment complexes comprising 12,550 multi-family units. Means joined iCap Realty Advisors in 1998, becoming a full partner in 2000. Retrieved from Ĭoolidge Equities, Ltd., a subsidiary of HoulihanParnes/iCap Realty Advisors and C.L.K.
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MLA style: "Coolidge Equities purchases 53 garden apartment complexes." The Free Library.“Our team looks forward to continuing to grow our client base and origination volumes as part of Walker & Dunlop's national platform and brand,” Collie added. “The Walker & Dunlop platform was extremely attractive to us due to its market reputation, leading position in multifamily, and strategic growth objectives,” Means said. Means and Collie said that their team is thrilled to join Walker & Dunlop. ICap also services approximately $2 billion of life insurance company loans, most of which are expected to be added to Walker & Dunlop’s servicing portfolio by the end of the year. “As one of the largest mortgage banking firms in Georgia, iCap will immediately benefit Walker & Dunlop through its deep client relationships and strong deal flow.” “With the goal to grow our annual loan originations to $30 to $35 billion by the end of 2020, we have been very focused on expanding our capital markets presence into major markets where we are under-represented, such as Atlanta,” Walker added. “We are thrilled to welcome the talented iCap team to Walker & Dunlop,” Walker said in a statement. Walker & Dunlop’s capital markets team has already seen substantial growth in 2018, with its brokered loan originations rising by 10% in the past year to $5.7 billion.Īnd the company has plans for more, according to Walker & Dunlop Chairman and CEO Willy Walker. That includes Managing Directors Alfie Means and David Collie, who will oversee the team’s origination activities. ICap's five bankers and brokers and their support staff have all joined Walker & Dunlop’s capital markets group. ICap has historically originated between $700 million and $1 billion of annual brokered volume through a broad range of capital providers, and now the iCap team is joining Walker & Dunlop.
To that end, the company announced this week that it acquired iCap Realty Advisors, a mortgage banking firm based in Atlanta, Georgia that provides debt placement solutions for all commercial real estate asset classes. Already one of the nation’s largest commercial and multifamily financiers, Walker & Dunlop has its sights on more.
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