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. reports developments in commercial real estate finance and advisory services, with recurring updates on mortgage banking volume, revenues, servicing fees, and the performance of its Capital Markets and Servicing & Asset Management activities. The company originates, sells, and services multifamily and other commercial real estate financing products, including Agency executions tied to Fannie Mae, Freddie Mac, Ginnie Mae, HUD and the Federal Housing Administration.
Company news also covers arranged debt and equity capital for multifamily, affordable housing, hospitality, self-storage and other commercial real estate assets. Updates frequently describe refinancing, construction financing, institutional advisory mandates, LIHTC affordable equity capabilities, servicing portfolio growth, credit exposure from indemnified or repurchased loans, and management commentary on capital markets conditions.
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.
Walker & Dunlop's subsidiary, Zelman & Associates, hired Terence Walsh as Managing Director of Research Sales. Walsh, who has over a decade of experience, will focus on expanding the company's global client base. He previously worked at Rosenblatt Securities, where he enhanced sales and expanded market coverage. Zelman & Associates aims for growth by utilizing Walsh's expertise in sales and marketing. The firm is known for its in-depth research in the housing sector and was acquired by Walker & Dunlop in July 2021 to enhance its service offerings.
Walker & Dunlop arranged $170 million in financing from PCCP, LLC for the redevelopment of 122 Fifth Avenue in Manhattan. This historic mixed-use property is undergoing extensive renovations, including modern office spaces and amenities designed for post-COVID work environments. The financing enables Bromley Companies to enhance the property with collaborative workspaces and significant tenant improvements. Walker & Dunlop aims to expand its capital markets business, targeting $65 billion in annual debt financing volume by 2025, reinforcing its position as a leading commercial real estate lender.
On November 29, 2021, Zelman & Associates announced the appointment of Graham Rives as Managing Director, enhancing its building products investment banking coverage. Rives, with over a decade of experience in M&A and capital markets, previously worked at Harris Williams and Deutsche Bank. CEO Ivy Zelman emphasized that Graham's expertise will bolster their investment banking platform, a key focus of Walker & Dunlop's Drive to '25 strategy.
Walker & Dunlop, the largest capital provider to the multifamily industry in the U.S., aims to enhance client value through more actionable insights.
Walker & Dunlop structured $15,000,000 in financing for a build-for-rent portfolio in Tyler, Texas, featuring three neighborhoods: Hamilton Park, Tully Trail, and Memory Village. Each of the 123 rental homes is fully occupied and offers modern amenities. The financing includes a non-recourse solution with a fixed rate in the low fours for 30 years, enhancing investment appeal. The portfolio's location benefits from strong economic growth, with employment growth over double the U.S. average. Walker & Dunlop's BFR & SFR Practice Group manages a robust pipeline of $1.9 billion in transaction volume.
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.