Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop has announced a partnership with Kayne Anderson Real Estate to launch Walker Private Lending, targeting small balance multifamily properties with 5 to 99 apartment units. This initiative aims to offer flexible loan terms including floating rates and pre-payment options, catering to a growing segment that is currently underserved. With approximately $42 billion deployed in capital and $19.3 billion in property sales in 2021, Walker & Dunlop leverages its brand, technology, and client focus to meet the evolving needs of investors in an unpredictable market.

Walker & Dunlop has announced the establishment of a new investment sales team in New York, led by industry veteran David E. Ash. With extensive experience, Ash aims to enhance the company's investment sales across all asset classes in the region. His previous firm executed nearly $6 billion in transactions over the past decade. The company's capital markets business saw a significant growth of 170% year-over-year, increasing transaction volume from $10.9 billion in 2020 to $30 billion in 2021, positioning Walker & Dunlop among the top players in multifamily broker sales.

Walker & Dunlop (WD) announces the formation of a dedicated affordable investment sales team to enhance its affordable housing platform. The eleven-member team, led by Aaron Hargrove and Eric Taylor, brings extensive experience in affordable housing programs. This expansion aims to help achieve the company's goal of originating $60 billion in affordable housing loans by 2025. Walker & Dunlop continues to be a leader in multifamily property sales, having completed $19.3 billion in 2021, and aims to broaden its capabilities in debt financing, appraisals, and advisory services.

Walker & Dunlop announced $57.2 million financing for three skilled nursing facilities in Illinois, highlighting a rebound in the seniors housing market post-pandemic. The financing includes:

• Avantara Park Ridge: $15.6 million for a 154-bed facility.
• Moraine Court Supportive Living: $28.7 million for a 185-bed facility.
• Aperion Care Elgin: $13.3 million for a 101-bed facility.

Utilizing HUD financing products, Walker & Dunlop emphasizes its expertise in the seniors housing sector.

Walker & Dunlop's New York Capital Markets team has significantly strengthened its operations, closing over $1 billion in financing deals across various asset classes in just 30 days. This achievement comes amid a dynamic economic landscape, showcasing the team's capability to adapt and thrive despite market volatility. Key transactions include financing for The Brook at $388 million, 452 Fifth Avenue at $385 million, and 100 Church Street at $370 million. The team's extensive network and market expertise continue to position them favorably in securing capital for clients.

Walker & Dunlop has expanded its Capital Markets team by hiring James Shiles as Senior Vice President in New York. Shiles will focus on enhancing Capital Markets production and strategic priorities. His prior experience includes roles at Guggenheim Partners and Morgan Stanley. The Capital Markets team has strong connections with over 350 capital sources, having sourced around $30 billion in loans in 2021 from non-GSA capital providers. The firm emphasizes community building and is recognized as a top workplace.

Walker & Dunlop's New York Capital Markets team has secured approximately $388.4 million in financing from Bank of America for The Brook, a luxury mixed-use development in Downtown Brooklyn. The project encompasses 448,000 rentable square feet and includes a 51-story tower with 591 affordable apartments, along with retail spaces totaling over 30,000 square feet. Managed by Apollo Commercial Real Estate Finance, Inc., this development responds to Downtown Brooklyn's growth, positioning it as a prime investment opportunity.

Walker & Dunlop reported a strong second quarter of 2022, with total revenues of $340.8 million, up 21% year over year. Total transaction volume reached $22.5 billion, marking a 67% increase compared to Q2 2021. Despite these gains, net income fell to $54.3 million, a 3% decline from the previous year, attributed to decreased non-cash mortgage servicing rights revenues. The company declared a quarterly dividend of $0.60 per share for Q3 2022 and reported adjusted EBITDA growth of 43% to $94.8 million. As of June 30, 2022, the servicing portfolio was valued at $119.0 billion.

Walker & Dunlop, based in Bethesda, Md., announced on August 1, 2022, the expansion of its HUD Production team in Chicago with the hiring of Brett Murphy as Senior Director. Murphy will enhance the FHA seniors housing business by leveraging Walker & Dunlop's diverse financing platform. Previously, he led seniors housing and healthcare transactions at Lancaster Pollard and has extensive experience in various financial institutions. In 2021, Walker & Dunlop was ranked the #3 HUD lender, originating approximately $737 million in seniors housing transactions.