In a strategic strike on the middle market, Walker & Dunlap Investment Partners has wrapped up fundraising for its seventh discretionary real estate fund, hauling in $135 million to chase value-add and opportunistic deals across the U.S.
Advised by Polsinelli PC, the firm announced Monday that Fund VII will focus squarely on middle market family and industrial properties—assets often bypassed by large institutional investors. The approach is no accident; it’s a sharp-eyed bid to exploit cyclical price dips and structural inefficiencies in a sector teeming with potential.
“Fund VII is a lean, tactical equity vehicle,” said Brian Cornell, managing director and head of equity. “It’s built for speed and precision in a fragmented market with limited competition and significant upside.”
Laser-Focused Strategy: $5M–$25M Equity Plays
The fund will deploy capital in chunks ranging from $5 million to $25 million, targeting real estate plays that are “underutilized, mispriced, and brimming with potential,” according to Monday’s release. By homing in on such deals, Walker & Dunlap aims to deliver net returns over 15% and 1.5x net investment multiples.
Already, Fund VII has seeded eight investments, committing over 50% of its capital—a sign that the fund is not just ready but already on the march in what the firm calls an “exceptionally favorable” investment climate.
