Walker & Dunlop, Inc. - WD STOCK NEWS

Walker & Dunlop announced the expansion of its multifamily property sales team in Nashville by adding Managing Directors Russ Oldham and Brett Kingman. This strategic move enhances the existing team led by Telly Fathaly, who will assume a key leadership role in Atlanta. The firm aims to grow its annual multifamily property sales volume to over $25 billion by 2025. In 2021, Walker & Dunlop reported $4.7 billion in property sales volume in the first half, a 117% increase from 2020, and was a top provider in the multifamily lending market with $31 billion in transactions in 2020.

Walker & Dunlop has expanded into Charleston, South Carolina, hiring Walker Layne as Senior Director to enhance its Capital Markets group. Layne will focus on sourcing equity capital and debt financing for commercial real estate. The company aims for $65 billion in debt financing by 2025, building on its strong performance with $11 billion in debt volume in the first half of 2021, reflecting a 93% year-over-year increase. This strategic move supports Walker & Dunlop's growth in a healthy commercial real estate market.

Walker & Dunlop completed a $134 million sale of Griffis Marston Lake, a 332-unit multifamily community in Littleton, Colorado. This property is expected to perform strongly due to its renovation program, potential for rent growth, and limited new construction in the area. The sale was brokered by a team including Dan Woodward and David Potarf, with financing arranged through Fannie Mae for the buyer, Kennedy Wilson. Walker & Dunlop has reported a $4.7 billion sales volume in the first half of 2021, a 117% increase year-over-year.

Walker & Dunlop announced a major role in securing $300 million in construction financing for The Mather, a luxury Life Plan Community in Tysons, Virginia. The project will consist of 300 independent living apartments and various support facilities, with the first phase expected to open in early 2024. Despite pandemic uncertainties, the project has demonstrated strong pre-sales momentum. The construction will be strategically located near the metro and shopping amenities, focusing on sustainability and community living.

Walker & Dunlop, a leading multifamily capital provider, will release its third-quarter 2021 results on November 4, 2021, before market opening. The earnings webcast is scheduled for the same day at 8:30 a.m. Eastern time. Investors can access the webcast via phone or online, with a replay available afterward. The company continues to be a significant player in commercial real estate financing, focusing on various sectors and emphasizing its commitment to diversity and community impact.

Walker & Dunlop completed the sale of $29,750,000 for 333 Central Avenue, a 70-unit luxury multifamily property in Westfield, New Jersey. Built in 2017, this four-story property is distinguished as the largest apartment community in downtown Westfield, featuring premium amenities and proximity to the Westfield Train Station. The transaction was represented by Thomas Walsh and Joseph Garibaldi, with Rockwood Capital acquiring the asset. Walker & Dunlop has demonstrated strong market performance, boasting a $4.74 billion property sales volume in the first half of 2021.

Walker & Dunlop has successfully completed a $50 million sale of Ironwood at Palmer Park, a 192-unit multifamily property located in Colorado Springs, renowned for its value-add potential. This transaction was facilitated by the sales team led by Jake Young and involved a simultaneous exchange with Priderock Capital Partners and Tara Investment Group/Shefflin Investments. The sale marks a part of a larger $115 million portfolio exchange, as the multifamily market in Colorado Springs continues to thrive, with property prices aligning with those in Denver.

Walker & Dunlop (NYSE: WD) announced plans to refinance its senior secured term loan, increasing the principal amount to $600 million. The funds will be used to pay off the existing loan and to finance the pending acquisition of Alliant Capital. The transaction is expected to close in November 2021 and is subject to market conditions, with ratings from S&P and Moody's anticipated.

Walker & Dunlop has released its 2020 Environmental, Social and Governance (ESG) report, detailing its sustainability efforts and goals. The report covers emissions data, employee programs focused on diversity and inclusion, community outreach, and risk management. Key goals include a 50% reduction in emissions per employee by 2025, increasing representation of women and minorities in leadership roles, and donating 1% of pre-tax profits to charity. The company aims to enhance its ESG impact significantly, reflecting a commitment to corporate responsibility.