Welcome to our dedicated page for Walker & Dunlop news (Ticker: WD), a resource for investors and traders seeking the latest updates and insights on Walker & Dunlop stock.
Walker & Dunlop, Inc. (NYSE: WD) is a commercial real estate finance and advisory services firm that regularly announces significant transactions and platform developments. This news page aggregates company-issued updates so readers can follow how Walker & Dunlop originates, arranges, and services financing across multifamily and other commercial real estate assets in the United States.
Recent news releases highlight Walker & Dunlop’s Capital Markets Institutional Advisory practice arranging large loans for hotel refinancings, mixed-use office and retail properties, office-to-residential conversions, and major multifamily and mixed-income developments in markets such as New York City, Miami, Cambridge, and Newark. These updates illustrate the firm’s role in connecting developers, owners, and operators with institutional and non-agency capital providers.
Company announcements also cover the growth of specialized platforms. Apprise by Walker & Dunlop, a valuation and data analytics platform focused on U.S. commercial real estate, reports new practice groups such as a national HUD/FHA multifamily valuation and market study team. In affordable housing, Walker & Dunlop has publicized the launch of Walker & Dunlop Affordable Bridge Capital, a joint venture with Pretium designed to originate flexible, short-term first-mortgage bridge loans for affordable multifamily properties preparing for long-term government-affordable programs.
Governance and corporate finance developments appear in both SEC filings and press releases, including amendments to repurchase facilities and changes to the board of directors. Investors, real estate professionals, and other stakeholders can use this page to review Walker & Dunlop’s latest financings, platform expansions, and strategic initiatives as disclosed in its official communications.
Westlake (NYSE: WLK) has appointed Roger A. Cregg to its board of directors, replacing Marius A. Haas who retired effective December 10, 2024. Cregg, 68, brings extensive experience in homebuilding and other industries, having most recently served as President, CEO, and Director of AV Homes until its sale to Taylor Morrison Homes in 2018.
Cregg's background includes executive positions at ServiceMaster Company, PulteGroup, Zenith Electronics, and Sweetheart Cup Company. He currently serves on the boards of Comerica, Sterling Infrastructure, and Minto Group. He holds a B.S. in accounting from Northeastern University and an MBA from Northwestern University's Kellogg School of Management.
Walker & Dunlop has arranged the $185 million sale of Preserve at Melrose, a 410-unit multifamily community in Vista, San Diego. The transaction represents the second-largest single-asset deal in San Diego and the fifth-largest in California in 2024. The property, built in 2015, was sold by a local San Diego group to Mesirow.
The sale highlights San Diego's strong market position, accounting for 10% of all U.S. multifamily transactions over $150 million and 23% of those in California since 2023. The property is strategically located near downtown Vista and light rail stations, offering access to major employment hubs along State Route 78.
Walker & Dunlop has arranged a $148.5 million refinancing for Admirals Row, a 696,000 square foot mixed-use property in the Brooklyn Navy Yard. The property, developed by Steiner NYC, includes the first Wegmans supermarket in New York City, over 350,000 square feet of light industrial and creative manufacturing space, retail space, and parking facilities. The Walker & Dunlop New York Capital Markets team identified Deutsche Bank as the bridge loan lender. The Brooklyn Navy Yard hosts over 450 businesses, employs more than 12,000 people, and generates over $2 billion annually in economic impact for the city.
Walker & Dunlop has promoted Dan Groman to Executive Vice President, General Counsel, Secretary and Chief Compliance Officer, effective November 8, 2024. Groman, who served as Deputy General Counsel for the past 12 years, will oversee the company's legal and compliance groups. Prior to joining Walker & Dunlop in 2012, he held positions at Freddie Mac as Associate General Counsel and worked as an attorney at Arnold & Porter LLP. Groman holds degrees from the University of Maryland, including his Juris Doctor from the Francis King Carey School of Law.
Walker & Dunlop has secured $113 million in acquisition financing for Franklin 299, a Class-A multifamily property in the Bay Area. The financing was arranged for Acacia Capital through Fannie Mae, with the deal closing in just 19 days. The 304-unit property, built in 2015, features studio, one-, and two-bedroom residences, including 11 direct-access townhomes. Located in Redwood City between San Francisco and San Jose, the property offers premium amenities including a rooftop deck, fitness center, and swimming pool. The community's strategic location provides access to major employment centers in San Francisco, Oyster Point, the Peninsula, and Silicon Valley.
Walker & Dunlop (NYSE: WD) reported strong Q3 2024 results with total transaction volume up 36% to $11.6 billion. The company achieved total revenues of $292.3 million, up 9% year-over-year, and net income of $28.8 million, up 34%. Diluted earnings per share increased 33% to $0.85. The servicing portfolio grew to $134.1 billion, up 4% from the previous year. Property sales volume surged 44% to $3.6 billion, while debt financing volume increased 33% to $8.0 billion. The company declared a quarterly dividend of $0.65 per share for Q4 2024.
Walker & Dunlop has facilitated a $110 million refinancing for an 18-property multifamily portfolio in New York City. The portfolio, acquired in 2021 by a joint venture between Davean Holdings and Meadow Partners, comprises 112 multifamily units and 29 commercial units in prime NYC locations including the East Village and Park Slope. The company's New York Capital Markets team secured Hudson Bay Capital as the lender. In 2023, Walker & Dunlop's Capital Markets group sourced capital for transactions totaling nearly $12 billion from non-Agency capital providers.
Walker & Dunlop has achieved the #2 ranking among HUD lenders for fiscal year 2024, closing loans totaling $637 million and representing 7.7% of total HUD volume. The company secured prominent positions across multiple categories, ranking #2 in Overall HUD Lending, Affordable Lending, and Multifamily Lending, #4 in Construction Lending, and #7 in Healthcare and Seniors Lending.
The company's FHA Finance team has demonstrated growth in market share despite market volatility, maintaining a 100% success rate on closing firm applications to HUD. Their platform offers comprehensive HUD financing solutions across various asset classes, including seniors housing, multifamily units, and healthcare, specializing in both new construction loans and refinancing.
Walker & Dunlop, Inc. has expanded its Investment Sales business into the Hospitality sector with the addition of Jonathan (Jay) Morrow as senior managing director. Morrow will lead the company's hospitality practice, focusing on origination and execution of hospitality investment sales and capital placement across the United States. This strategic move follows Walker & Dunlop's success in multifamily investment sales.
The hospitality investment sales market has shown resilience post-pandemic, with annual volume increasing from $12.8 billion in 2020 to $49 billion in 2022. Walker & Dunlop's expansion into hospitality aims to provide additional products and services to institutional investors who invest across various asset classes.
Morrow brings over 15 years of experience from Hodges Ward Elliott, where he completed over $20 billion in lodging transactions. Walker & Dunlop has already demonstrated expertise in the hospitality sector, with notable deals including the $754M Aman New York Hotel & Residences and the $325M Moxy and AC hotel Los Angeles.
Walker & Dunlop, Inc. (NYSE: WD) has announced the details for its third quarter 2024 earnings conference call. The company will release its Q3 2024 results before the market opens on November 7, 2024. A conference call to discuss the quarterly results is scheduled for 8:30 a.m. Eastern time on the same day.
Investors and analysts can access the call by dialing (888) 256-1007 from within the United States or (773) 305-6853 from outside the country, using the Confirmation Code: 1186507. Additionally, a simultaneous webcast of the call will be available through a provided link. For those unable to attend the live call, a webcast replay will be accessible on the company's Investor Relations website.