Report: Luxury Home Sales in Markets North of NYC Increased by Double Digits in the Third Quarter
The growing number of closed sales is concentrated in the lower end of the luxury market.
Walker & Dunlop, Inc. announced recently it had hired Sean Reimer as a Managing Director and Michael Stepniewski as a Senior Director in its Capital Markets group. Based out of the company’s New York City office, Reimer and Stepniewski will join the New York City Capital Markets Team, which focuses on sourcing and structuring equity capital transactions and debt financing for all commercial real estate asset classes nationally.
Prior to joining Walker & Dunlop, Reimer served as a Principal at Square Mile Capital Management, where he was responsible for sourcing, negotiating and structuring debt and equity transactions across the firm’s various investment strategies. During his time at Square Mile, Reimer was responsible for the origination of more than $8 billion of transactions, including value-add bridge loans, construction loans, stabilized loans, mezzanine debt, preferred equity, and JV equity across all asset types and major markets in the U.S. In his previous roles, Reimer was a Director at Cantor Fitzgerald in the CMBS lending group, Partner of RL Realty Partners, and Senior Financial Analyst at CBRE.
Prior to joining Walker & Dunlop, Stepniewski served as a Director in the Debt Capital Markets group at Tishman Speyer, where he led the procurement of debt financing for the firm’s acquisitions and ground up developments across the United States. Prior to Tishman Speyer, Stepniewski worked on the Capital Markets desk at LoanCore Capital, where he originated, syndicated and securitized nearly $10 billion of commercial real estate debt. Stepniewski began his career in the new issue CMBS group at Kroll Bond Ratings in New York.
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