Walker & Dunlop Arranged $170 Million Financing for Class A Mixed-Used Project in Downtown Salt Lake City
Walker & Dunlop New York Capital Markets, led by Aaron Appel, Sean Reimer, Keith Kurland, , Adam Schwartz, Dustin Stolly, and Jackson Irwin, served as an exclusive advisor to Bridge Investment Group, with financing provided by Fannie Mae via their near-stabilization program.
Developed by joint venture team, Bridge Investment Group, Blaser Ventures and Lowe Property Group as an opportunity zone development, Post District opened in December 2023 and includes five buildings located on the Post District block between 500–600 South and 300–400 West in downtown Salt Lake City. Offering a wide array of layouts – from micro-studios to three-bedroom penthouses – Post District is well versed to cater to multiple different types of residents. The property offers nearly 26,000 square feet of retail space and 498 parking spaces.
'Post District is a dynamic urban redevelopment that reflects the strong demand for thoughtfully designed, mixed-use communities in Salt Lake City's urban core,' said Sean Reimer, managing director of New York Capital Markets at Walker & Dunlop. 'Located at the grand entrance to downtown Salt Lake City, Post District stands as a pioneering example of opportunity zone development, transforming a once-underutilized block of warehouses into a vibrant, premier live-work-play destination.'
Community amenities include an 8,000-square-foot gym with cutting-edge equipment, a resort-style indoor-outdoor pool deck and glass infinity-edge spa, a movie theater, golf simulator, dog wash, community electric bikes, game room, multiple rooftop lounges, grill area, coworking lounge, market, and club room.
Walker & Dunlop New York Capital Markets also arranged $157.5 million in loan proceeds to refinance Post District in November 2023. Read the previous press release here.
Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2024 the firm originated over $30 billion in debt financing volume, including lending over $25 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry's top developers, owners, and operators. To learn more about Walker & Dunlop's broad financing options, visit our website.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.
About Bridge Investment Group
Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $49 billion of assets under management as of March 31, 2025. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. verticals across real estate, credit, renewable energy and secondaries strategies.
About Blaser Ventures
Blaser Ventures is a Salt Lake City-based real estate developer focused on impact, sustainability, and placemaking. They specialize in Opportunity Zone projects, reuse historic structures, create mixed-income housing, and support local businesses. With over 400 affordable units in progress, Blaser builds long-term, community-enhancing developments that reduce carbon impact and preserve neighborhood character.
About Lowe Property Group
Lowe Property Group is a Salt Lake City–based, family-owned and vertically integrated real estate development and investment firm. LPG owns and operates over 2,500 residential units and 50,000 sq ft retail, 150,000 sq ft office, with over $1 billion assets under management. Their development arm is constructing 750+ units (>$300 M cap), while their private equity team invests nationally in multifamily and opportunistic assets.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
a few seconds ago
- Business Wire
Block Unveils Proto Rig and Proto Fleet, Marking a New Era in Bitcoin Mining
DALTON, Ga.--(BUSINESS WIRE)-- Block, Inc. (NYSE: XYZ) today unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet, a free and open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific's facility in Dalton, GA, where Proto Rigs are mining as part of their fleet, represents a significant step toward decentralizing bitcoin mining hardware, opening access to more builders, and increasing network resiliency. These mark the first two end-to-end releases by Proto, Block's suite of bitcoin mining products and services, following its initial chip sale to Core Scientific. Proto Rig: Durable, repairable, upgradeable infrastructure Moving away from disposable hardware models, Proto Rig is designed to be infrastructure—a paradigm shift that solves many existing pain points for miners and signals the company's long-term commitment to the industry. Proto Rig's modular design lets operators upgrade individual hashboards without replacing entire units, transforming what has historically been a 3-5 year disposable asset into a 10-year infrastructure investment, reducing costs by 15-20% each upgrade cycle. It also allows for easy, in-place, tool-free repair, turning a process that can take hours, days, or weeks into one that takes seconds, saving miners valuable time and resources. 'Mining hardware hasn't really changed in years,' said Thomas Templeton, Hardware Lead at Block. ' Machines break often, are hard to repair, expensive and time-consuming to upgrade, and don't make the most efficient use of power or space. With Rig, we set out to change all of that–and contribute to hardware decentralization in the process.' With unmatched power density and maximum miner uptime, Proto Rig delivers 1.5 times the power per foot of rack space compared to traditional mining hardware. Designed to be compatible with modern and legacy infrastructure, Proto Rig gives mining operators the power to maximize efficiency in their existing facilities without requiring extensive retrofitting, addressing long-standing challenges in power utilization and lifecycle management. Proto Fleet: Comprehensive, open source, and free Alongside Proto Rig, Block also announced Proto Fleet, comprehensive, open-source fleet management software that brings together power-scaling, monitoring, diagnostics, and maintenance tools in a single, intuitive platform. 'Mining hasn't really caught up with advances in software more broadly,' said Templeton. ' We saw an opportunity to make mining software something modern that improves operational efficiency instead of unnecessarily complicating things.' Proto Fleet brings together many functionalities that have historically required their own, individual pieces of software to manage, helping miners streamline operations, maximize uptime, and minimize time spent troubleshooting. A big part of Proto's effort to decentralize mining, Proto Fleet will be available for anyone to use, at no cost, giving mining operators of all sizes access to powerful fleet management software. All of these advancements together—on-rack, tool-free repairability, high-quality components, swappable hashboards, and backwards compatibility—mean more uptime across install, repairs, upgrades, and ultimately the life of the machine. The reveal of both products builds on Block's long track record of building transformational technology and rounds out the company's broader commitment to bitcoin across Square, Cash App, Bitkey, and Spiral. For more information about Proto Rig and Proto Fleet, visit About Proto Proto Global, LLC, as an affiliate of Block, Inc. is Block's suite of bitcoin mining products and services. Its mission is to decentralize mining by increasing access to tools for builders, regardless of their size or location. By entering the mining hardware space, Proto is taking a key step toward that goal. Learn more at About Block Block, Inc. builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we're helping build a financial system that is open to everyone.
Yahoo
29 minutes ago
- Yahoo
NetEase's Gaming Momentum Is Strong, But Investors Wary Of Slumping Units
NetEase (NASDAQ:NTES) stock dropped after it reported fiscal second-quarter results on Thursday. The company's quarterly revenue increased 9.4% year-on-year to $3.89 billion (27.89 billion Chinese yuan), topping the analyst consensus estimate of $3.86 billion. The Chinese gaming player's adjusted EPADS of $2.07 beat the analyst consensus estimate of $ and related value-added services revenues rose 13.7% to $3.18 billion. The corresponding gross margin increased by 178 bps to 64.7% attributable to higher net revenues from Identity V, its newly launched games, Where Winds Meet and Marvel Rivals, and certain licensed games. Youdao (NYSE:DAO) revenue rose by 7.2% to $197.88 million, and the corresponding gross margin declined by 519 bps to 43.0%, primarily due to a decrease in net revenues from its smart devices. View more earnings on NTES NetEase Cloud Music's revenues were $274.8 million, down 3.5%, and its gross margin expanded by 396 bps to 36.1% driven by higher net revenues from its online music services. Innovative businesses and other revenue declined 17.8% to $237.2 million due to decreased net revenues from Yanxuan, advertising services, and the gross margin increased by 832 bps to 42.3%. As of June 30, 2025, NetEase held $19.8 billion in cash and equivalents and generated $1.52 billion in operating cash flow. The board of directors approved a dividend of 57 cents per ADS for the second quarter of 2025, versus 67.5 cents per ADS for the first quarter. NetEase stock gained over 51% year-to-date as its online gaming business remains resistant to macro and geopolitical headwinds. Price Action: NetEase stock is trading lower by 4.17% to $129.28 at last check Thursday. Photo by Sergei Elagin via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? NETEASE (NTES): Free Stock Analysis Report This article NetEase's Gaming Momentum Is Strong, But Investors Wary Of Slumping Units originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
33 minutes ago
- Yahoo
C3 AI Selected for Constellation ShortList™ for Artificial Intelligence and Machine Learning Best-of-Breed Platforms for Q3 2025
Enterprise AI leader recognized for building, deploying and managing breakthrough AI and machine learning capabilities with flexibility and limitless scale REDWOOD CITY, Calif., August 14, 2025--(BUSINESS WIRE)--C3 AI (NYSE: AI), the Enterprise AI application software company, was selected for the Constellation ShortList™ for Artificial Intelligence and Machine Learning Best-of-Breed Platforms for Q3 2025. C3 AI has now been named to five ShortLists in past 18 months, further positioning C3 AI as the leading enterprise AI software provider for accelerating digital transformation. "At C3 AI, we provide services to build enterprise-scale AI applications more efficiently and cost-effectively. We're in the business of solving real business problems and cultivating social and economic growth through our efforts," said Thomas M. Siebel, Chairman and CEO, C3 AI. "Our ongoing recognition on Constellation ShortLists reaffirms what we know to be true: C3 AI's ability to create custom AI and ML models is a model for the industry, and the best is yet to come." C3 AI is recognized among 15 other technology vendors and service providers for offering all the tools, notebooks, diverse data science libraries, and collaborative monitoring tools a company needs to build, deploy and manage custom machine learning models. The platforms on this ShortList use both traditional and automated methods, and are steadily introducing no-code/low-code and automated capabilities. With these new capabilities, data-savvy team members can build and deploy machine learning models without deep data science expertise. "The vendors selected for this list are in a class of their own, chosen for their excellence in producing business value with flexibility and scale," said R "Ray" Wang, CEO and founder at Constellation Research. "Comprehensive vetting and research inform our recommendations, revealing why the listed vendors are the best AI and machine learning service providers on the market, with platforms and offerings that buy-side clients can depend on." About Inc. C3 AI (NYSE: AI) is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of large AI transformer models for the enterprise. Disclaimer Constellation Research does not endorse any solution or service named in its research. View source version on Contacts Investor Relations ir@
