BETHESDA, Md.--(BUSINESS WIRE)--Oct 14, 2026--
Walker & Dunlop, Inc. announced today that it has arranged a $110,000,000 refinancing for 1879 at the Grid and Arc at the Grid, two Class A multifamily properties totaling 731 units within a 192-acre mixed-use development in Stafford, Texas.
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Walker & Dunlop Capital Markets Institutional Advisory arranged the loan as exclusive advisor to Lone Star Funds. Dustin Stolly, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, Michael Ianno, and Edward Leboyer arranged the floating-rate, interest-only loan from TPG Real Estate Credit.
“ 1879 at the Grid and Arc at the Grid are well-located multifamily assets that benefit from the continued growth of the Stafford and Sugar Land corridor,” said Stolly, senior managing director of Capital Markets Institutional Advisory at Walker & Dunlop. “TPG Real Estate Credit recognized the strength of the assets and their position within the Southwest Houston market, as well as Lone Star’s reputation as a best-in-class Sponsor, resulting in a financing solution that aligned well with our client’s objectives.”
Built in 2019 and 2020, respectively, 1879 at the Grid and Arc at the Grid span approximately 653,000 rentable square feet and 731 total units. Both properties feature a mix of studio, one-, two- and three-bedroom residences with modern finishes and open-concept layouts. Amenities include resort-style pools, fitness and wellness centers, resident lounges, coworking spaces, pet parks, outdoor lounges and courtyards, package lockers, detached garages and carports, barbecue areas and fire pits.
Located along the U.S. 90A corridor, 1879 at the Grid and Arc at the Grid offer direct access to Interstate 69, the Sam Houston Tollway and Highway 6, providing access to major Houston employment centers including the Texas Medical Center, Uptown/Galleria, Greenway Plaza, Downtown Houston and the broader Fort Bend County growth corridor. The Stafford and Sugar Land corridors are supported by continued population growth, a diverse employment base and established regional infrastructure.
In the first half of 2026, Walker & Dunlop’s Capital Markets team sourced over $13.9 billion from non-Agency capital providers, including nearly $9.6 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.
Arc at the Grid. Photo Credit: Lone Star Funds
1879 at the Grid. Photo Credit: Lone Star Funds
ROME (AP) — Pope Leo XIV spent a peaceful night in Rome’s Gemelli hospital after doctors removed the lower lobe of his right lung and confirmed he has cancer, the Vatican said Wednesday.
The surgery confirmed that the pope has the most common type of lung cancer, known as lung adenocarcinoma, the Vatican said in a medical bulletin late Tuesday.
The Vatican said doctors were waiting for the results of further tests before deciding on a course of treatment. The press office pointed to the medical statement’s mention of the “radical” removal of the lobe as an indication that doctors took out all suspect tissue in hopes of removing any lingering traces of the cancer.
Experts said some of Leo’s lymph nodes also would have been removed and tested to determine if the cancer had spread. There was no word yet on those test results.
If the cancer has spread, more tests will be needed to determine what kind of therapy to pursue, said Dr. Stephen Liu, a lung cancer expert at Georgetown’s Lombardi Comprehensive Cancer Center. Options include chemotherapy, a combination of chemotherapy and immunotherapy or targeted therapy, which involves oral pills for specific cancers.
“Adenocarcinoma is the most common (type of lung cancer), also with the most favorable prognosis,” said Liu, who is not involved in the pope’s care. “While we know the diagnosis, we now need to know the stage.”
He added: “We now need to know how big it is, how many spots in the lung are involved. Is it just one nodule, or more than one, and the lymph nodes, are they cancerous?”
For now, the implications for the pope’s long-term health remain unclear. The Vatican said more information would be provided later in the day.
The American pontiff has offered a rare level of transparency about the first publicly disclosed major health problem of his 17-month papacy. He revealed the discovery of the nodule, or growth, on his lung during his Sunday noon prayer.
The 71-year-old was in the operating room for about three hours, the Vatican statement said Tuesday. The surgery itself lasted approximately 90 minutes.
“The surgery was successful, and there were no complications,” the statement said, adding that the pope later returned to his room.
The right lung has three sections or lobes while the left has two. After one lobe is removed, the rest of the lung can gradually compensate, especially in otherwise healthy and physically active people. Leo is known to be sporty, with weekly tennis games and swimming.
Before the surgery, Leo walked into the Gemelli hospital through the main entrance and waved to dozens of well-wishers who had gathered to greet him. The Vatican said the surgery was performed by a team led by Gemelli’s chief thoracic surgeon, Dr. Stefano Margaritora.
Oncologists said prior to the operation that even if the nodule turned out to be cancerous, Leo’s prognosis would be “excellent” since it would have been removed at an early stage.
While Gemelli has a specific papal apartment that past popes have used, complete with a private chapel on the 10th floor, Leo is staying in a nearby room since the apartment is undergoing renovations, according to the Vatican press office.
The Vatican on Monday canceled all Leo’s audiences through Oct. 20. But there was no word on whether he would be able to keep his planned trip to South America next month.
Oncology surgeons often advise patients not to fly for three weeks after surgery — which would give the pope just enough time to make his planned Nov. 6-17 trip to Uruguay, Argentina and Peru. But whether he can go will depend on his recovery.
The current itinerary for the trip is ambitious and the longest of his papacy to date, calling for Leo to clock just over 31,000 kilometers (19,000 miles) on a dozen flights and two helicopter rides, and a significant altitude change in Peru.
“If it is stage 1, he can complete these trips. If more treatment is needed, I would likely advise against the trips,” said Liu.
Barry reported from Milan. Associated Press writer Lauran Neergaard in Washington contributed to this report.
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
Medical Director Andrea Cambieri, right, receives Pope Leo XIV as he arrives at the Agostino Gemelli Polyclinic in Rome, Tuesday, Oct. 13, 2026, where he's expected to be operated to remove a lung nodule. (AP Photo/Gregorio Borgia)
An image of Pope Leo XIV rests at the base of a statue of the late Pope John Paul II outside the Agostino Gemelli Polyclinic, where Leo is hospitalized for surgery to remove a lung nodule, in Rome, Tuesday, Oct. 13, 2026. (AP Photo/Gregorio Borgia)
