Walton Street Finances Crow Holdings’ Acquisition of 33 West Apartments in Davie, FL
Walton Street Capital, L.L.C. (“Walton Street”), through one of its lending affiliates, has announced the origination of a loan to a real estate fund advised by Crow Holdings Capital. The financing supports the acquisition of 33 West, a Class A, 376-unit garden-style multifamily community located in the Davie submarket of the Fort Lauderdale Metropolitan Statistical Area (MSA). The transaction underscores Walton Street’s commitment to originating high-quality debt opportunities across the United States while supporting the growth of institutional-quality real estate portfolios.
Overview of 33 West
Constructed in 2014, 33 West is a thoughtfully designed and modern apartment community that has established itself as a sought-after residential destination within the Davie area. The property is located at 6300 Southwest 24th Place, Davie, FL, and consists of one-, two-, and three-bedroom floorplans.
With an average unit size of 1,003 square feet, the community offers spacious layouts well-suited for a diverse tenant base ranging from young professionals and families to retirees seeking high-quality rental housing. Each residence is appointed with contemporary finishes and conveniences designed to meet modern living standards. Unit interiors feature:
- Walk-in closets offering ample storage space.
- In-unit washers and dryers for convenience.
- Private balconies, many of which overlook serene lakefront views.
- Stainless steel appliances and updated kitchens that align with premium market expectations.
These design features not only enhance livability but also reflect the property’s long-term competitive positioning within the Fort Lauderdale rental housing market.
Amenities and Lifestyle Offerings
The lifestyle component of 33 West is a critical differentiator in the competitive South Florida rental landscape. The community includes two resort-style swimming pools complete with sundecks and cabanas, providing residents with the feel of a luxury retreat without leaving home. Additional on-site amenities create a robust community experience and support resident retention. These include:
- A dedicated “Bark Park” for pet-friendly living.
- A spacious social lounge and clubhouse that encourages community interaction.
- A modern fitness center equipped for both strength training and cardio workouts.
- A cyber café that caters to professionals and students alike, offering space to work or study.
By combining a comprehensive amenity package with high-quality unit finishes, 33 West positions itself as one of the premier Class A rental properties in Davie.
Strategic Location and Connectivity
The property enjoys a prime location just south of I-595 and east of Davie Road, offering residents efficient access to the broader Fort Lauderdale metro area. Major employment, entertainment, and lifestyle hubs are within close reach, making 33 West an attractive option for commuters and families alike.
Proximity to the Atlantic coast means residents are just minutes away from South Florida’s public beaches, a key lifestyle amenity that enhances the property’s desirability.
Retail and dining access further strengthens 33 West’s appeal. The property is surrounded by several million square feet of shopping and entertainment, including prominent destinations such as:
- The Tower Shops
- The Fountains
- Midtown Plantation
For everyday needs, residents benefit from an abundance of grocery and big-box options located less than ten minutes away, including Costco, Target, Whole Foods, Trader Joe’s, and Publix. This wide retail selection supports both convenience and quality of life for tenants.
Educational and Healthcare Infrastructure
Davie is well-recognized for its concentration of academic institutions and healthcare facilities, both of which enhance the long-term stability of the rental housing market.
33 West is located near the South Florida Education Center, home to five colleges and universities, providing a consistent stream of student, faculty, and staff housing demand. Additionally, the property is within close range of three major hospitals, further supporting its appeal to healthcare professionals and staff working in the region.
This combination of educational and healthcare infrastructure provides a strong demand driver, ensuring that 33 West remains well-positioned to attract tenants from diverse employment and lifestyle backgrounds.
About Walton Street Capital, L.L.C.
Walton Street is a private real estate investment firm that has been at the forefront of institutional investment in real estate since its founding in 1994. With a track record spanning over three decades, the firm manages a diversified equity and debt platform on behalf of a global client base of institutional investors.
Through its affiliates, Walton Street has:
- Raised more than $17 billion of capital commitments from global institutions.
- Acquired, financed, managed, and sold over $60 billion of real estate assets across major U.S. markets.
- Originated approximately $15 billion in lending opportunities since inception.
The firm’s core lending strategy emphasizes the provision of efficient debt capital for newer-vintage, income-producing real estate assets. Walton Street targets high-quality properties across a broad range of asset classes, including multifamily, office, industrial, retail, and hospitality.
By leveraging the synergies of its equity and debt platforms, Walton Street is uniquely positioned to identify opportunities that deliver attractive risk-adjusted returns to its investors. This dual-platform approach allows the firm to remain agile in shifting market environments, whether capitalizing on acquisition opportunities or supporting strategic refinancing needs.
Strategic Importance of the Transaction
The financing of 33 West reflects both the strength of the underlying property and Walton Street’s ability to structure debt solutions for institutional partners. Several key elements highlight the strategic importance of this loan origination:
- Market Strength – The Fort Lauderdale MSA, and specifically the Davie submarket, continues to experience population growth, driven by migration trends into South Florida and strong employment fundamentals.
- Asset Quality – As a 2014-vintage, Class A community with extensive amenities, 33 West aligns with Walton Street’s focus on lending against newer-vintage, income-generating assets.
- Partnership with Crow Holdings Capital – Supporting a real estate fund advised by Crow Holdings Capital further demonstrates Walton Street’s collaborative approach with established institutional sponsors.
This transaction not only reinforces Walton Street’s reputation as a reliable provider of real estate debt capital but also highlights the enduring demand for high-quality multifamily housing in the South Florida region.
