Walker & Dunlop, Inc. - WD STOCK NEWS

Walker & Dunlop has relocated to a new 59,000 square-foot headquarters in Bethesda, Maryland, designed by Gensler to enhance collaboration and community among its 250 employees. This modern workspace features areas for brainstorming, wellness, and flexible work while incorporating COVID-19 safety measures such as touchless technology and ample space between workstations. The building also offers amenities like a rooftop terrace and fitness center. The move signifies the company's commitment to cultivating a creative and connected workplace culture.

Walker & Dunlop facilitated the $156 million sale and $91.26 million financing of Volta on Pine, a multifamily property in Long Beach, California. This 271-unit property, featuring retail space, is positioned within a rapidly growing job market driven by the aerospace sector. The transaction showcases Walker & Dunlop's leadership in the multifamily sales market, having completed $10 billion in sales in 2021 alone, reflecting a 203% increase from the previous year. This growth highlights the company’s strong position as a top multifamily capital provider.

Walker & Dunlop has expanded its property sales team in Northern California by hiring Managing Director Nate Oleson and Senior Directors Marc Andenmatten and Mike Colhoun. This strategic move aims to enhance the firm's presence in a key housing market as part of its goal to achieve over $25 billion in annual multifamily property sales by 2025. The new hires bring a combined 44 years of experience in commercial real estate and a strong track record with institutional clients. Walker & Dunlop has already demonstrated success, completing $5.2 billion in property sales in Q3 2021, a 373% increase from 2020.

Walker & Dunlop, Inc. announced the release of its fourth quarter and full-year 2021 results before the market opens on February 3, 2022. The company will host a webcast to discuss these results on the same day at 8:30 a.m. Eastern time. Investors can access the webcast through a provided link or by dialing a specified phone number. Walker & Dunlop is the largest provider of capital to the multifamily industry in the U.S. and the fourth largest lender in commercial real estate, emphasizing its commitment to inclusivity and creating positive change in communities.

Walker & Dunlop expands its footprint into Grand Rapids, Michigan, with the addition of Matt Jones as Managing Director. This strategic move aims to enhance the company's multifamily property sales presence in the Midwest, building on its recent growth. With an impressive goal of achieving $25 billion in sales volumes by 2025, the WDIS team now operates in seventeen of the twenty most actively traded markets in the U.S. In Q3 2021, Walker & Dunlop recorded $5.2 billion in property sales, marking a 373% increase year-over-year.

On January 13, 2022, Walker & Dunlop announced the successful sale of EV Lofts, a 208-unit Class A apartment community located in Downtown San Diego’s East Village. The sale involved the seller, Greystar Real Estate Partners, represented by Hunter Combs, Blake Rogers, Javier Rivera, and Alexandra Caniglia, and the buyer, Griffis Residential. EV Lofts, built in 2015, offers luxury amenities and is strategically located near major employment hubs and entertainment options. Walker & Dunlop continues to lead in multifamily property sales, achieving $5.2 billion in sales volume for Q3 2021.

Walker & Dunlop has successfully arranged $52,606,500 in financing for Stone Gate Apartments and Village on the Lake Apartments, located in Spring Lake, North Carolina. The financing includes a nine-month bridge loan and permanent HUD loans via the agency's 223(f) refinance program. This financing strategy allowed the borrower, Van Metre Companies, to secure historically low interest rates and capitalize on the properties' high ENERGY STAR ratings. Walker & Dunlop is the largest capital provider to the multifamily sector in the U.S. and ranks as the fifth-largest HUD lender.

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.