McDowell Properties Purchases B-Piece of $1.015BN Securitization

Published Date: 03/18/2021

McDowell Properties, through an affiliate, purchased the "B-Piece" of a recent commercial mortgage securitization at a significant discount to face value. The mortgages are secured by a $1.015billion portfolio of high quality, diversified real estate throughout the United States. McDowell Properties believes that it is an opportune time to invest in mortgage securitizations as lenders continue to underwrite conservatively. We have made investments in over $20 billion in mortgages and over 267,000 units.

McDowell Properties is a leading real estate investment company that focuses on the acquisition, management, and repositioning of multifamily properties in growth markets throughout the United States. The company is based in Dallas and has regional offices in New York, Miami, Raleigh, Denver, and San Francisco. The senior management team has owned and managed in excess of $7.5BN of real estate in 41 of the top 50 MSAs, with a particular focus on multifamily. McDowell Properties is currently making investments with discretionary capital as well as through joint ventures with institutional investors.