Walker & Dunlop Arranges $350 Million Facility for Centerbridge Partners and Reframe Holdings to Build Institutional Self-Storage Platform
Walker & Dunlop (NYSE:WD) arranged a $350 million aggregation debt facility with JPMorgan Chase to finance a self-storage platform sponsored by a joint venture between Centerbridge Partners and Reframe Holdings.
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The debt financing provides scalable and flexible capital to support the joint venture’s strategy of acquiring and aggregating over
“Self-storage valuations have reset meaningfully over the past two years, and we believe this creates a rare window to aggregate institutional-quality assets with in-place cash flow at or below replacement cost,” said Matthew Dicker, co-founder of Reframe. “This debt facility provides us with the capital to move decisively and execute our strategy. By combining Centerbridge’s institutional resources and track record in self-storage along with Reframe’s operating, acquisition and development expertise, we are building a platform where operational discipline and acquisition timing compound into long-term value.”
The facility is anchored by six seed assets owned by the joint venture, located in
“Liquidity for high-quality and well-located self-storage assets remains strong among institutional lenders for qualified sponsors,” said Jonathan Schwartz, senior managing director of Capital Markets and co-head of Institutional Advisory at Walker & Dunlop. “Reframe and Centerbridge’s strong sponsorship, scaled platform, and clear aggregation strategy drove significant lender demand and a highly competitive process. As new supply moderates and operating performance stabilizes, well-capitalized platforms like this are well positioned to access efficient debt capital. We are proud to arrange a facility that supports their continued growth.”
“JPMorgan's commitment reflects conviction in both our thesis and the quality of our combined sponsorship. Self-storage is a fragmented asset class where scale, operational discipline and sector-wide relationships create a meaningful edge,” said Zack Widmann, co-founder of Reframe.
In 2025, Walker & Dunlop’s Capital Markets team sourced over
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in
About Centerbridge
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines — Private Equity, Private Credit and Real Estate — in an effort to develop the most attractive opportunities for our investors. The Firm was founded in 2005 and, as of December 31, 2025, has approximately
About Reframe Holdings
Reframe Holdings is a
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318036765/en/
Investors:
Kelsey Duffey
Investor Relations
Phone 301.202.3207
investorrelations@walkeranddunlop.com
Centerbridge:
Jeremy Fielding / Anntal Silver / Daniel Hoadley
Kekst CNC
CenterbridgePartners@kekstcnc.com
Media:
Nina H. von Waldegg
Public Relations
Phone 301.564.3291
nhvwaldegg@walkerdunlop.com
Reframe:
Matt Dicker
matt@reframeholdings.com
Phone 301.215.5500
7272 Wisconsin Avenue, Suite 1300
Source: Walker & Dunlop, Inc.