Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop released its Fall 2021 Multifamily Outlook Report, detailing trends in the apartment market amid COVID-19. The report analyzes the U.S. economy, affordable housing, and the student housing sector, highlighting the return of students as a key factor in market activity. It also features insights from Ivy Zelman, CEO of Zelman & Associates, and discusses Denver's multifamily market boom. Additionally, Walker & Dunlop announced a new digital lending platform aimed at improving the lending experience for small balance multifamily properties.

Walker & Dunlop has announced a joint venture between Avanta Residential and Invesco Real Estate. Invesco acquired 75% of Avanta, a developer focusing on build-for-rent (BFR) properties, which will see over 5,000 homes developed across more than 20 neighborhoods. Walker & Dunlop's dedicated BFR team facilitated this transaction, providing advisory support throughout the agreement's terms and negotiation. This joint venture aligns with the growing demand for BFR communities, helping address demographic shifts seeking rental options with upscale amenities.

Walker & Dunlop announced the structuring of $160 million in financing for Sawyer Place, a Class A multifamily building in Yonkers, New York. The property comprises two towers with 438 rental units and retail space. The financing replaces the existing construction loan and was arranged through a partnership with RXR Realty and Mesa West Capital. This development has become a highly sought-after rental option, attracting interest from both local and NYC residents, as it offers modern amenities and a prime location.

On November 17, 2021, Apprise by Walker & Dunlop announced the expansion of its West Coast team with three new hires: Aaron DeCollibus, Nikolas Rieser, and Jared Nelson. The team aims to enhance the firm's commercial real estate appraisal capabilities, supporting Jacinto Munoz, the West Coast Lead. DeCollibus brings extensive experience as Managing Director for the Pacific Northwest, while Rieser and Nelson enhance regional expertise. Apprise leverages AI technology and analytics to deliver rapid, reliable property valuations across the U.S.

Fortress Technology Solutions, a Nashville-based real estate tech firm, has secured its first external investment from Walker & Dunlop, the largest capital provider in the U.S. multifamily market. This strategic partnership aims to accelerate Fortress’ mission of enhancing property management through innovative technology. By integrating its software with Walker & Dunlop’s lending solutions, Fortress will provide clients with real-time data and insights on property performance and debt management, improving operational efficiency and transparency.

Walker & Dunlop has launched a new digital lending platform utilizing machine learning, aimed at enhancing its small balance multifamily lending business. The platform promises a faster and more transparent borrowing experience for investors by automating loan sizing and pricing. Key features include automatic quote generation, real-time data calculations, and improved transparency throughout the loan process. The company aims to leverage this technology to expand its market share in the $80 billion small multifamily loan market.

Walker & Dunlop (NYSE: WD) announced a minority investment in Fortress Technology Solutions, a real estate tech firm specializing in property management software for multifamily properties. This investment aims to enhance portfolio performance and offer comprehensive solutions to multifamily owners and operators. With approximately 22 million apartment units in the U.S., Walker & Dunlop targets $5 billion in annual loan originations by 2025, pairing its lending capabilities with Fortress's innovative software. This collaboration seeks to improve insights into debt portfolios and refinancing opportunities.

Zelman & Associates, a Walker & Dunlop company, announced the appointment of Philip Martin as Managing Director. With nearly 30 years of expertise, Martin aims to enhance rental housing research and collaborate on new insights for clients. CEO Ivy Zelman highlighted that his joining will integrate technology and improve research outputs. Walker & Dunlop aims to leverage this expansion to enhance its advisory services. The firm, which focuses on the U.S. housing sector, has established a solid reputation among institutional investors.

Walker & Dunlop reported a record total transaction volume of $18.5 billion in Q3 2021, up 120% from Q3 2020. Revenues reached $346.3 million, a 40% increase year-over-year, yielding a net income of $71.7 million and diluted EPS of $2.21. The adjusted EBITDA also hit a record at $72.4 million, up 60%. The company completed the acquisition of Zelman & Associates and agreed to acquire Alliant Capital. A quarterly dividend of $0.50 per share was declared for Q4 2021.