Walker & Dunlop, Inc. - WD STOCK NEWS

Walker & Dunlop has successfully closed its acquisition of Alliant Capital, a leading alternative investment manager specializing in affordable housing through LIHTC syndication and development. Alliant ranks as the 6th largest LIHTC syndicator in the U.S., having contributed to over 100,000 affordable units for more than 400,000 families. This strategic acquisition enhances Walker & Dunlop's market position as the fifth largest affordable housing lender, aiming to address the growing affordable housing crisis while accelerating its growth in debt financing and property brokerage.

Walker & Dunlop has secured $43,242,500 in financing for six skilled nursing facilities in Illinois, including Aperion Care and Rock River Health Care. This financing was structured by leveraging expertise in HUD programs, with amounts allocated to each facility as follows: Aperion Care Bridgeport: $3.88M, Burbank: $6.88M, Dekalb: $6.28M, Litchfield: $3.55M, Wilmington: $16.24M, and Rock River Health Care: $6.41M. This supports 640 beds across 277 units, aiding operations amid the pandemic.

Walker & Dunlop announced $100 million in financing for the Park Affordable Portfolio, which consists of eight multifamily properties in Brooklyn, New York, providing 317 affordable units. This financing will refinance existing loans and fund $17 million in future improvements. The firm facilitated this through a partnership with MF1 Capital, emphasizing the importance of affordable housing in New York City's recovery from COVID-19. Over the past three years, Walker & Dunlop has been a significant player in affordable housing financing, amounting to $17 billion.

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.