Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop arranged a construction financing of $30,388,000 for a 110-unit single-family rental community called The Clublands of Antioch, developed by Moda Homes in Antioch, Illinois. The project is part of a 1,000-unit master-planned community that offers modern amenities and access to local attractions. The financing is provided by CoreVest Finance with a floating rate, nonrecourse loan featuring a two-year term and a six-month extension option. This marks Walker & Dunlop's first partnership with CoreVest and Moda Homes in the Chicago area.

Walker & Dunlop, Inc. announced its role as the exclusive advisor in the $57,250,000 sale of a 70,500 square-foot industrial facility in Queens, New York. This property caters to the growing demand for last-mile distribution centers driven by e-commerce. The transaction exemplifies a trend towards developing industrial parks in urban infill locations.

Mo Beler led the team, which included Aaron Appel and others, in navigating complex transaction details. Walker & Dunlop's robust network facilitated this successful transaction.

Walker & Dunlop has finalized the sale and financing of Hanover Warner Center, a 395-unit multifamily property in Los Angeles, completed in 2020. The property, situated in an area poised for $7 billion in investments, features high-end amenities and finishes. Notably, Walker & Dunlop reported $4.74 billion in property sales during the first half of 2021 and over $31 billion in multifamily transactions in 2020. This positions them as a leader in the multifamily market.

Walker & Dunlop announced the sale of Vineyards, a 369-unit garden-style community in Katy, Texas, enhancing its portfolio's value. The property features long-term stability and growth potential, particularly due to its location in a top-ranked school district. The Houston Multifamily Investment Sales team represented Preferred Apartment Communities, with Knightvest Capital as the buyer. Walker & Dunlop continues to lead the multifamily sector, having achieved $6.1 billion in property sales in 2020.

Walker & Dunlop Investment Partners has partnered with Ivanhoé Cambridge to launch a programmatic joint venture focused on preferred equity investments in multifamily, student housing, and manufactured housing properties in the U.S. The venture targets stabilized properties primarily in the top 25 MSAs, with investment horizons of three to ten years. This initiative aims to meet increasing demand for flexible gap financing in a low cap rate, high-liquidity market, providing sponsors with cost-effective capital solutions.

Walker & Dunlop, a leader in affordable housing finance, announced the addition of P.J. McDevitt as Managing Director to bolster its affordable housing team. McDevitt brings significant expertise, having originated nearly $1 billion in affordable housing transactions since 2018. His focus will be on driving national loan origination growth. The firm aims to achieve $60 billion in affordable and workforce housing volume over the next five years. Walker & Dunlop has financed $17 billion in affordable housing over the past three years, solidifying its position as a top non-bank lender.

Walker & Dunlop has announced a definitive agreement to acquire Alliant Capital and its affiliates for an enterprise value of $696 million. This acquisition will enhance Walker & Dunlop's position in the affordable housing sector, significantly expanding its assets under management from $2 billion to $16 billion. The deal is expected to generate additional revenues between $90 million and $100 million in 2022, and increase diluted earnings per share between $0.45 and $0.60. The transaction is anticipated to close in Q4 2021, subject to regulatory approvals.

Avanta Residential has finalized the acquisition of 27 acres in McKinney, Texas, to develop a build-to-rent community with 276 homes. This project is part of the Painted Tree master-planned community, located 40 miles north of Dallas, an area with rapid growth and proximity to major retailers and employers. The neighborhood will feature amenities such as a leasing center, fitness center, and a swimming pool. Groundbreaking is set for November, with completion expected by mid-2023. This marks a strategic expansion for Avanta, enhancing its position in the single-family rental market.