Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop recently sourced equity for a joint venture to acquire and develop Myatt Drive Industrial, a 16-acre parcel near Nashville, Tennessee. This development aims to address the rising demand for Class A, flex-industrial spaces, particularly as last-mile distribution centers. The project includes 171,000 square feet with flexible site options and is positioned within a designated opportunity zone, providing tax incentives for long-term investments. This marks Walker & Dunlop's first collaboration with CA South Development, a woman-owned firm committed to expanding Nashville's industrial footprint.

Walker & Dunlop announced $43 million in acquisition and construction financing for JDS Development Group's 1 Southside Park in Miami's Brickell neighborhood. This 64-story project will feature 1,175 residential units, 190,000 square feet of office space, a boutique hotel, and retail space. The development complements the nearby The Underline park and aims to enhance community wellness with over 90,000 square feet of amenities. Walker & Dunlop secured the financing through its extensive capital network, contributing to the project's anticipated positive impact on the local economy.

On January 25, 2021, Avanta Residential and Iron Point Partners announced a joint venture to develop single-family, build-for-rent (BFR) neighborhoods across the U.S. Walker & Dunlop structured the agreement and will provide ongoing advisory services. The venture, reflecting Avanta's growth strategy, aims to build thousands of homes in markets such as Texas, Florida, and Georgia. The BFR sector, which is rapidly expanding, addresses growing demand for amenity-rich neighborhoods. This partnership emphasizes investor returns through strategic residential developments.

Walker & Dunlop, based in Bethesda, announced the sale and financing of OLiVE DTLA, a 293-unit Class A multifamily property in Downtown Los Angeles. Completed in 2016, the seven-story building is strategically located near major entertainment venues. The company facilitated the transaction with key representatives involved in the financing process on behalf of the buyer, Waterton. OLiVE DTLA boasts modern amenities, including a pool, fitness center, and premium finishes, enhancing its appeal within the competitive Los Angeles rental market.

Walker & Dunlop announced the structuring of $145 million in HUD financing for three multifamily properties in Utah, including $41.4 million for Boulder Canyon Apartments, $43.8 million for Canyon View Apartments, and $60.3 million for Sugar Alley Apartments. The financing allows the borrower to pay off existing debts and fund repairs. Sugar Alley will feature 193 units and retail space, expected to open in October 2022. Walker & Dunlop continues to grow in the Utah market, partnering closely with Eight Bay Advisors.

Walker & Dunlop announces that it will release its fourth quarter and full-year 2020 results on February 4, 2021, before the market opens. A webcast discussing the results will follow at 8:30 a.m. Eastern time on the same day. The company, listed under the ticker WD, is a major player in the commercial real estate finance sector, providing capital solutions and investment sales brokerage services. Walker & Dunlop has been recognized for growth, featuring in FORTUNE Magazine's Fastest Growing Companies during 2014, 2017, and 2018.

Walker & Dunlop announced $29,737,500 in bridge financing for The Garage, a redeveloped Class A mixed-use property in New Orleans. The five-story building features 51 multifamily apartments, 11 penthouses, and retail space. Originally built in 1951, it was acquired by Wisznia Architecture + Development in 2008 and completed in December 2019, now achieving 60% occupancy. The financing retired existing loans and supports the lease-up and tenant improvements. Walker & Dunlop's extensive capital network is highlighted, with $5.9 billion in loan originations in 2020.

Walker & Dunlop has secured $47,293,000 in financing for seven affordable housing properties across Rochester, New York, Rocky Mount, North Carolina, and Danville, Virginia, preserving 1,220 units of affordable housing. The financing includes permanent loans with terms of seven to ten years and attractive fixed rates. Key properties include Charlotte Harbortown Homes and Cokey Apartments, with a focus on enhancing community investment and stability. The collaboration with Stonebridge Global Partners and Freddie Mac highlights Walker & Dunlop's leadership in multifamily lending.

Walker & Dunlop announced the structuring of $84,000,000 in financing for Sanctuary Doral, a new 226-unit Class A apartment building in Doral, Florida, featuring nearly 27,000 square feet of retail space. The financing, led by Jeremy Pino and Livingston Hessam, will be used as a construction loan takeout prior to the development's lease-up, currently at 30 percent occupancy. This partnership highlights Walker & Dunlop's expertise in complex commercial real estate financing.