Articles from Walker & Dunlop, Inc.

Walker & Dunlop, Inc. announced today that it has arranged a $245 million loan from TYKO Capital to facilitate the construction of The Greyson, a 28-story, 622-unit Class-A mixed-use tower that will be located in Jersey City, New Jersey.

Walker & Dunlop, Inc. announced today that it arranged the $190 million sale and $157 million financing of The Hamilton, a 276-unit trophy bayfront high rise in Miami's popular Edgewater neighborhood.

For the second year in a row, Walker & Dunlop, Inc., one of the nation’s largest commercial real estate finance and advisory firms, conducted a survey of top finance executives in affordable housing to gauge their opinions on a variety of issues impacting the CRE industry, including government policies, the economy and funding.

Walker & Dunlop, Inc. announced today that it arranged the $185,000,000 sale of Preserve at Melrose, a suburban multifamily community built in 2015 that comprises 410 units in Vista, one of San Diego's most sought-after north county neighborhoods.

Walker & Dunlop, Inc. announced today that it arranged $148.5 million in loan proceeds to refinance Admirals Row, a 696,000 square foot, eight acre mixed-use property developed by Steiner NYC in the revitalized Brooklyn Navy Yard.

Walker & Dunlop, Inc. announced today the promotion of Dan Groman to Executive Vice President, General Counsel, Secretary and Chief Compliance Officer, effective November 8, 2024.

Walker & Dunlop, Inc. announced today that it facilitated the $113 million acquisition financing for Franklin 299, a Class-A multifamily community in one of the most explosive growth markets in the Bay area.

Walker & Dunlop, Inc. (NYSEWD) (the “Company,” or “Walker & Dunlop”) reported quarterly total transaction volume of $11.6 billion, up 36% from the third quarter of 2023, which drove total revenues of $292.3 million, up 9% year over year. Net income for the third quarter of 2024 was up 34% year over year to $28.8 million, while diluted earnings per share of $0.85 was up 33%. Adjusted EBITDA increased 7% to $78.9 million, reflecting the growth in transaction volumes year over year. Adjusted core EPS, which removes primarily non-cash revenues and expenses, was up 7% year over year to $1.19. The Company’s Board of Directors declared a dividend of $0.65 per share for the fourth quarter 2024.

Walker & Dunlop, Inc. announced today that it facilitated a $110 million refinancing for an 18-property multifamily portfolio in New York City. Originally acquired in 2021 by a joint venture between Davean Holdings and Meadow Partners, the portfolio currently consists of 112 multifamily units and 29 commercial units located in some of the most desirable neighborhoods in the city including the East Village and Park Slope.

The U.S. Department of Housing and Urban Development (HUD) has just announced that Walker & Dunlop, Inc., a leading national commercial real estate finance firm, ranked #2 in dollar volume of closed loans for the agency’s fiscal year 2024, which concluded on September 30, 2024.

Walker & Dunlop, Inc. announced today its strategic move into Hospitality Investment Sales with the addition of Jonathan (Jay) Morrow as senior managing director. Morrow will lead Walker & Dunlop’s hospitality practice and be responsible for the origination and execution of hospitality investment sales and capital placement across the United States. He will be based in New York.

Walker & Dunlop, Inc. announced today that it will release its third quarter 2024 results before the market opens on November 7, 2024.

Great Place To Work® and Fortune have once again selected Walker & Dunlop, Inc. for the 2024 Fortune Best Workplaces in Financial Services & Insurance™ List. This is the company’s eighth time being named to this prestigious list. Ranking in the top 50 means that Walker & Dunlop is one of the best companies to work for in the country.

Walker & Dunlop, Inc. announced today that it has financed $137,288,000 for LUKA on the Common, a 398-unit, 30-story trophy asset located in the heart of Downtown Boston.

As the leader in financing for seniors housing, Walker & Dunlop, Inc. shares emerging market trends and vital landscape analysis in its newly published Seniors Housing Outlook, “Navigating Growth, Innovation, and Investment in a Transforming Market”. The publication comes at a crucial time as this sector experiences significant demographic shifts and evolving healthcare needs for an aging population that continues to expand quickly.

Walker & Dunlop, Inc. announced today that it has expanded its Capital Markets Midwest presence with the addition of Jonathan Zilber as senior managing director. Based in Cleveland, Ohio, Zilber's arrival marks a strategic move to bolster Walker & Dunlop's capabilities across the country, particularly in the burgeoning Ohio market.

Walker & Dunlop, Inc. is pleased to announce the 200th episode of the Walker Webcast this week, featuring special guest General David Petraeus. The award-winning webcast continues to grow its popularity, as host Willy Walker engages with brilliant minds, bringing insights and unique perspectives to his viewers, that today total over 11 million. The conversations attract over 65,000 views each week and have rocketed into the top 2% of global business podcasts.

Walker & Dunlop, Inc. announced today that Apprise has been recognized with the “CRE Data Innovation Award” in the 4th annual PropTech Breakthrough Awards program conducted by PropTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products and services around the globe.

Walker & Dunlop, Inc. announced today that its creative team has been honored with multiple prestigious 2024 Hermes Creative Awards for their outstanding work on the Walker & Dunlop Website and the Walker Webcast.

Walker & Dunlop, Inc. announced today that it arranged a $1.2 billion refinancing for One High Line, a premier luxury mixed-use property located along Manhattan’s iconic High Line and adjacent to the vibrant Meatpacking District.

Walker & Dunlop, Inc. announced today that it facilitated $128 million in financing for the acquisition of nine Manhattan properties, all located within a two-block stretch of Manhattan's vibrant East Village neighborhood.

Walker & Dunlop, Inc. (NYSEWD) (the “Company,” “Walker & Dunlop,” or “W&D”) reported quarterly total transaction volume of $8.4 billion, in line with last year’s second quarter, which drove total revenues of $270.7 million, down 1% year over year. Net income for the second quarter of 2024 was $22.7 million, or $0.67 per diluted share, both down 18% year over year. Adjusted EBITDA increased 15% to $80.9 million, reflecting the strength of the Company’s recurring revenue streams and recovery in transaction volumes. Adjusted core EPS, which removes primarily non-cash revenues and expenses, was up 26% year over year to $1.23. The Company’s Board of Directors declared a dividend of $0.65 per share for the third quarter 2024.

Walker & Dunlop, Inc. announced today that it has expanded its Investment Sales team in the Midwest with the addition of industry veteran Jeff Stingley. Based in Kansas City, Jeff will be a managing director, specializing in the valuation and disposition of multifamily properties across the Midwest for institutional and private clients. He joins a seasoned Midwest team at Walker & Dunlop aiming to capitalize on the region's burgeoning investment landscape.

Walker & Dunlop, Inc. announced today the closure of a $285,500,000 refinancing for Vantage and The View at Montgomery in Philadelphia, Pennsylvania. The two student housing properties are located on Temple University's campus and represent one of the largest student housing financings closed thus far in 2024.

Walker & Dunlop, Inc. announced today that it will release its second quarter 2024 results before the market opens on August 8, 2024.

Walker & Dunlop, Inc. announced today that it arranged the $167,000,000 sale of Millennium PQ, a trophy suburban core multifamily community comprising 331 units in Rancho Penasquitos, one of San Diego’s most sought-after neighborhoods.

Walker & Dunlop, Inc. announced today that it arranged $148,000,000 in loan proceeds to refinance The Victoria, a multi tower, 30-story project built around Harlem’s heralded Victoria Theater redevelopment.

Zelman & Associates, a Walker & Dunlop company, proudly announces today that it is bringing its highly regarded annual Housing Summit gathering back in person on September 12th and 13th at the InterContinental Hotel in Boston, Massachusetts. Registrations are currently open for the event that will convene top executives, analysts, and investors from across the real estate industry.

Walker & Dunlop, Inc. announced today that it successfully arranged $29.6 million in federal Low-Income Housing Tax Credit (LIHTC) equity for the financing of Canyon Creek East, a groundbreaking affordable housing project in Lenexa, Kansas.

Walker & Dunlop, Inc. announced today that Gary Pinkus has been elected to its board of directors as an independent director and member of the Audit and Risk Committee.

Walker & Dunlop, Inc. announced today, with great sadness, the death of its long-time board member Michael Malone.

Walker & Dunlop, Inc.'s Midwest Investment Sales team announces its role as the exclusive advisor for Artistry, an iconic mixed use apartment complex in the cornerstone of Indianapolis' urban residential landscape. Comprising 554 units, Artistry presents a prime opportunity to acquire both size and scale in one of the Midwest's most vibrant markets. According to Yardi Matrix, the Indianapolis metro area is the #4 rent growth market in the nation and as RealPage reports, continues to dominate the multifamily leaderboard as one of six US markets forecast to achieve 3%+ 2024 rent growth.

Walker & Dunlop, Inc. announced today that it arranged a $110,000,000 loan to facilitate the construction of 880 Atlantic Avenue, a 246-unit Class-A multifamily development in Prospect Heights, Brooklyn.

As the leader in student housing finance, Walker & Dunlop, Inc. shares market trends and analysis of the current landscape in its newly published housing report. Placing as both Fannie Mae and Freddie Mac’s #1 Student Housing Lender in 2023, the team possesses unparalleled expertise and a pulse on the industry, providing valuable insights for developers and investors.

Walker & Dunlop, Inc. announced today the completion of a $155 million refinancing deal for The Lexington Hotel, a historic landmark in the heart of Midtown Manhattan. Acting as the exclusive advisor to Lexington Hotel Owner LLC, a joint venture between MCR, Island Capital Group LLC, and Three Wall Capital, Walker & Dunlop secured the financing through lender Hudson Bay Capital.

Walker & Dunlop, Inc. (NYSEWD) (the “Company,” “Walker & Dunlop,” or “W&D”) reported total revenues of $228.1 million for the first quarter of 2024, a decrease of 4% year over year. First quarter total transaction volume was $6.4 billion, down 5% year over year. Net income for the first quarter of 2024 was $11.9 million, or $0.35 per diluted share, down 55% and 56%, respectively, year over year. Adjusted EBITDA was up 9% to $74.1 million, reflecting the strength of the Company’s recurring revenue streams. As well, adjusted core EPS, which primarily strips out non-cash revenues and expenses, was up 2% from the first quarter of 2023 to $1.19. The Company’s Board of Directors declared a dividend of $0.65 per share for the second quarter of 2024.

Apprise, a Walker & Dunlop, Inc. company, announced its strategic expansion in the Midwest region, adding a dynamic team of five seasoned industry experts. The leading provider of comprehensive commercial and multifamily real estate valuation and consulting services continues to grow as demand increases throughout the country.

Walker & Dunlop Investment Partners (“WDIP”) today announced the closing of its most recent investments of its equity investment platform. Sized to efficiently deploy capital in smaller middle-market deals, these investments are part of WDIP’s opportunistic strategy sleeve which focuses on a space where the team expects to see the bulk of distressed properties and value dislocation in the current environment and off-market deal flow.

Walker & Dunlop, Inc. announced today that it will release its first quarter 2024 results before the market opens on May 2, 2024.

Walker & Dunlop, Inc. announced that it recently arranged $120,000,000 in financing for 1111 Church, Nashville’s newest Class A mixed-use multifamily community located in the heart of the vibrant Gulch neighborhood.

Walker & Dunlop, Inc. announced today that it arranged $135,323,400 in HUD loans for six multifamily properties in Rhode Island between October 2023 and February 2024. The team worked alongside the U.S. Department of Housing and Urban Development (HUD) to complete the financing. They utilized HUD's FHA Section 223(f) program, allowing the client to secure six fully amortizing long-term loans as well as the option to cash out equity at a 1.111x debt service coverage ratio (DSCR) for necessary repairs.

Walker & Dunlop, Inc. announced today that it structured $109,000,000 in construction financing for the development of 1034-1042 Atlantic Avenue, a to-be-constructed, 247-unit Class-A multifamily development located on two conjoining parcels creating a cross-block lot between Atlantic Avenue and Pacific Street in Brooklyn, New York.

Walker & Dunlop, Inc. announced today that it originated $65,731,000 in 232/223(f) and 241(a) HUD loans for seven skilled nursing facilities and memory care centers across Illinois and Wisconsin between October 2023 and February 2024.

Walker & Dunlop, Inc. launched its new website, www.walkerdunlop.com today to feature its growth and expanded offerings, showcasing the company’s breadth and depth. The new site touts an enhanced digital user experience with a modernized design, intuitive navigation and improved functionality.

Walker & Dunlop, Inc., Capital Markets announced today that it arranged a $103 million commercial mortgage-backed security (CMBS) loan with Citigroup, J.P. Morgan, and Argentic to facilitate the refinancing of Casa Cipriani, a boutique hotel, private members club, and event space located at 10 South Street in New York, NY.

Zelman Partners, A Walker & Dunlop Company (NYSEWD), served as exclusive buy-side M&A advisor to Dream Finders Homes NYSE: DFHNYSEDFH)

Walker & Dunlop, Inc. recently welcomed three CBRE veterans – Managing Directors, Steve LaMotte Jr. and Dane Wilson, as well as Associate Director Ross Wettersten to its Midwest Investment Sales team led by Todd Stofflet. The team will represent both institutional and private clients across the Midwestern markets, specializing in the valuation and disposition of multifamily properties.

Walker & Dunlop, Inc. (NYSEWD) (the “Company,” “Walker & Dunlop,” or “W&D”) reported its strongest quarterly results of 2023 in the fourth quarter. Total revenues were $274.3 million in the fourth quarter, a decrease of 3% year over year. Fourth quarter total transaction volume was $9.3 billion, down 17% year over year. Net income for the fourth quarter of 2023 was $31.6 million, or $0.93 per diluted share, down 24% and 25%, respectively, year over year. Adjusted EBITDA was down only 5% over the same period in 2022, reflecting the stability of revenues from our servicing and asset management segment. The Company’s Board of Directors declared a dividend of $0.65 per share for the first quarter of 2024, the sixth consecutive year the dividend has increased.

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Walker & Dunlop Investors Partners (“WDIP”) announced that it has closed its latest fund, part of a planned series of funds focused on multifamily bridge financing.

Walker & Dunlop, Inc. (NYSEWD) was recognized as the largest Fannie Mae DUS® lender by volume in 2023, making it Fannie Mae’s #1 partner, five years in a row. In addition to being Fannie Mae’s largest multifamily lending partner by volume at $6.6 billion, Walker & Dunlop was also recognized by Fannie Mae as:

Walker & Dunlop, Inc. announced today that it will release its fourth quarter and full-year 2023 results before the market opens on February 15, 2024.

Walker & Dunlop, Inc. announced today that it has expanded its Carolinas Investment Sales team with the addition of Managing Director Michael Saclarides. He will be focused on Walker & Dunlop's multifamily institutional brokerage activities in Charlotte and the rest of the Carolinas. Devin Bryan, who also joins Walker & Dunlop from Cushman & Wakefield, will work as a director on the team.

Walker & Dunlop, Inc., Affinius Capital LLC (“Affinius Capital”) and Clarion Partners announced today that they arranged $157.5 million in loan proceeds to refinance Post District, a Class A mixed-use complex in downtown Salt Lake City, Utah. Post District is part of a three-phase project and consists of 580 residential units across four buildings with approximately 26,000 rentable square feet of retail space.

Walker & Dunlop, Inc. (NYSEWD) (the “Company,” “Walker & Dunlop,” or “W&D”) reported third quarter total transaction volume of $8.6 billion, down 49% year over year, due to the rapidly changing interest-rate environment and market dynamics during the third quarter of 2023. The drop in total transaction volume led to a decline in total revenues of 15% year over year. Net income was $21.5 million in the third quarter, down 54% year over year, while adjusted EBITDA declined only 1% due to the stability of revenues from our servicing and asset management segment.

Walker & Dunlop, Inc. is proud to announce its strategic partnership with the Black Commercial Real Estate Network (BCREN), a dynamic organization dedicated to creating opportunities and networks for Black professionals within the real estate industry.

Walker & Dunlop, Inc. announced today that it arranged the sale of Zia Sunnyside Apartments for $161,000,000. The property is a 434-unit, Class A apartment community, conveniently located at the first light rail station north of Denver in the Sunnyside neighborhood.

Walker & Dunlop, Inc. announced today that it is adding new capabilities to its already expansive affordable housing platform. The team welcomes 20-year industry veteran Warren Horvath as a managing director to source non-LIHTC and programmatic joint-venture equity for affordable housing owners and operators. Horvath has overseen or been directly involved in more than $9 billion of housing transactions, representing over 75,000 units. His experience and expertise working with third-party investors will expand the team's ability to help clients access a full range of capital sources.

Wathen Castanos Homes, a leading award-winning California homebuilder, announced the acquisition of its homebuilding business by Trumark Homes, a subsidiary of Daiwa House USA Inc.

Walker & Dunlop, Inc. announced today that it will release its third quarter 2023 results before the market opens on November 9, 2023.

Walker & Dunlop, Inc. announced today that it completed the $174 million sale of Waterleaf, a 456-unit value-add apartment community located in the North San Diego County community of Vista, CA. The sale represents the second-largest multifamily transaction in San Diego in 2023.

Walker & Dunlop, Inc., announced today that it has expanded its Affordable Equity team (formerly Alliant Capital) with the addition of Senior Managing Director Pete Antonopoulos. In conjunction with Senior Managing Director Dudley Benoit and Managing Director Drew Foster, Mr. Antonopoulos will be responsible for growing LIHTC Equity Investor Relations.

Walker & Dunlop, Inc. announced today that it arranged two affordable property sales totaling $54,250,000. The properties, Malibu Gardens and Sunrise Commons, are both Low-Income Housing Tax Credit (LIHTC) communities located near the Miami Metropolitan area.

Alliant Capital, a Walker & Dunlop, Inc. company, announced today the closing of two Section 42 Housing Tax Credit Investment Funds that together raised $281 million in equity investments with help from 13 investor partners and 17 developer partners. The two funds are projected to make a combined $414 million economic impact, create over 2,000 jobs, and bring in $51 million in local tax revenue.

Walker & Dunlop, Inc. announced today that it arranged a $35.6 million loan to facilitate the refinance of a scattered Brooklyn site, sponsored by Grower Housing Development Fund Corporation. The Section 8 affordable apartment portfolio comprises of 251 units, spanning eight buildings and located in New York's Williamsburg submarket.

Walker & Dunlop, Inc. announced today that it arranged the sale of The Arcade Residences located in Chicago, IL for $35 million, representing one of the highest-priced sales per door in Chicago. Built in 2019, the mixed-use property includes 58 rental units and 9,643 square feet of retail space.

Apprise by Walker & Dunlop announced today that it has grown its Western U.S. valuation and advisory team. The newly combined team of four brings appraisal experience that will offer deep knowledge and expertise to ensure credible and timely reports for growing client demands.

Third paragraph of release dated August 15, 2023 should read: ''Our people, brand and technology are what set us apart,'' said Willy Walker, chairman and CEO of Walker & Dunlop. ''This award underscores our investment in people and technology to bring an innovative appraisal solution to market that provides our clients with the best of data, information technology, and customer service.'' (instead of: ''Apprise is built on the idea that better data provides better appraisals. Appraisers are under pressure to work faster while continuing to provide objectivity and quality. We created a solution by bringing together the power of digital transformation and professional expertise from appraisers who share an obsession over client service,'' said Willy Walker, chairman and CEO of Walker & Dunlop. ''This award reflects our position as trusted partners who help meet the demands of all lenders.'')

Walker & Dunlop, Inc. announced today that it provided $108.8 million in financing for Park Chelsea, a premium 429-unit apartment building in Washington, D.C.

Walker & Dunlop, Inc. (NYSEWD) (the “Company,” “Walker & Dunlop” or “W&D”) reported second quarter total transaction volume of $8.4 billion, down 63% year over year, due to the Federal Reserve’s continued tightening. Despite dramatically lower transaction volume, Walker & Dunlop’s total revenues were down just 20% year over year due to the strength of recurring, non-transaction-based servicing and asset management revenues. Net income was $27.6 million in the second quarter, down 49% year over year, while adjusted EBITDA declined significantly less, at 26%, due to our access to counter-cyclical capital and the strength of our servicing and asset management businesses.

Walker & Dunlop, Inc. announced today that one of the company’s premier Capital Markets teams, led by Matt Wallach, Stephen West, and Walker Layne, has financed 10 age restricted (55+) multifamily transactions totaling $390 million in the past 12 months and over $1 billion in volume during the past five years. The debt capital was sourced from the GSEs, multiple life companies, banks, and debt funds.

Walker & Dunlop, Inc. announced today that it arranged $150 million in financing for Quantum at Flagler Village, a unique class A mixed-use property located in Fort Lauderdale, Florida.

Walker & Dunlop, Inc. announced today that it will release its second quarter 2023 results before the market opens on August 3, 2023.

Walker & Dunlop, Inc. announced today that it arranged $40 million in limited partner equity and $135 million in construction financing for the development of 5000 Richmond Street, a 750,000 square foot last mile industrial distribution facility in Philadelphia, PA.

Walker & Dunlop, Inc. announced today that its president and member of the board of directors, Howard W. Smith, III, intends to retire on January 1, 2024 after 43 years of service. Smith will not stand for reelection to the board at the next annual stockholders’ meeting.