Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop facilitated the sale and financing of The Santa Monica Collection, marking a significant transaction in California's real estate sector. This portfolio includes eight sites covering 3.1 acres, featuring 627 multifamily units and 31,473 square feet of commercial space, fully entitled to bypass development hurdles. The deal represents the largest entitled land sale in Santa Monica history. Walker & Dunlop is recognized as a leader in multifamily property sales, achieving $5.2 billion in the third quarter of 2021 alone.

Walker & Dunlop completed the sale of EON Squared, a luxury 476-unit high-rise in Flagler Village, for $226.5 million. This property, developed by Alta Developers, is located in a booming area of Fort Lauderdale, featuring impressive amenities and views. The sale was executed by Walker & Dunlop's team, representing the seller, with Union Investment acquiring their first U.S. multifamily assets. The property market in Fort Lauderdale is experiencing significant rental growth, nearly 20% over the past year, which is projected to continue.

Walker & Dunlop announced a $26,298,388 financing arrangement for Seneca at Southern Highlands, a 50-unit luxury build-for-rent community in Las Vegas, Nevada. The development will begin delivering homes in September 2022 and is set for completion by May 2023. The financing features a three-year term with interest-only payments at competitive rates, supporting the production of upscale townhome-style units designed for families and older renters. Walker & Dunlop is actively engaged in financing BFR assets across various municipalities, reflecting their expertise in this growing sector.

Walker & Dunlop has successfully closed its acquisition of Alliant Capital, a leading alternative investment manager specializing in affordable housing through LIHTC syndication and development. Alliant ranks as the 6th largest LIHTC syndicator in the U.S., having contributed to over 100,000 affordable units for more than 400,000 families. This strategic acquisition enhances Walker & Dunlop's market position as the fifth largest affordable housing lender, aiming to address the growing affordable housing crisis while accelerating its growth in debt financing and property brokerage.

Walker & Dunlop has secured $43,242,500 in financing for six skilled nursing facilities in Illinois, including Aperion Care and Rock River Health Care. This financing was structured by leveraging expertise in HUD programs, with amounts allocated to each facility as follows: Aperion Care Bridgeport: $3.88M, Burbank: $6.88M, Dekalb: $6.28M, Litchfield: $3.55M, Wilmington: $16.24M, and Rock River Health Care: $6.41M. This supports 640 beds across 277 units, aiding operations amid the pandemic.

Walker & Dunlop announced $100 million in financing for the Park Affordable Portfolio, which consists of eight multifamily properties in Brooklyn, New York, providing 317 affordable units. This financing will refinance existing loans and fund $17 million in future improvements. The firm facilitated this through a partnership with MF1 Capital, emphasizing the importance of affordable housing in New York City's recovery from COVID-19. Over the past three years, Walker & Dunlop has been a significant player in affordable housing financing, amounting to $17 billion.

Walker & Dunlop has secured $36 million in financing for a luxury multifamily property in Bushwick, Brooklyn. The property features 64 units, including 41 two-bedroom and 23 studio apartments, with 30% designated for affordable housing. It includes 14,080 square feet of retail space, fully leased until at least 2030. The refinance replaces an existing construction loan, facilitated by Amherst Capital Management. Walker & Dunlop, a leading U.S. multifamily capital provider, originated $31 billion in transactions in 2020, highlighting its strong market position.

Walker & Dunlop announced the $21 million sale of 212 Rome Street, a 65,539 square-foot headquarters for AeroFarms in Newark, New Jersey. This facility is among the world's largest indoor vertical farms, set to enhance production capacity to over 20 million pounds annually. Located in a prime industrial submarket, it uses an aeroponic system, significantly reducing water usage and promoting sustainable farming practices. Walker & Dunlop is a major player in property sales, having recorded $4.74 billion in sales in the first half of 2021 and $41 billion in total transactions in 2020.