Walker & Dunlop Adds Multifamily Property Sales Team in Houston

Rhea-AI Summary

Walker & Dunlop has expanded its Investment Sales platform by hiring a top property sales team in Houston, Texas, led by Ryan Epstein and Jennifer Ray. The team brings over 29 years of experience and has closed over $7.5 billion in apartment sales. This strategic move aligns with Walker & Dunlop's goal to achieve $25 billion in property sales volume by 2025. In 2020, the company reported $6.1 billion in volume, marking a 14% increase from 2019. The expansion aims to leverage Houston's active investment market, enhancing the firm's presence and service capabilities.

Positive

• Addition of experienced Houston sales team enhances market presence.
• Team leads have closed over $7.5 billion in sales, indicating strong potential.
• Strategic focus on Houston aligns with goal to reach $25 billion in sales by 2025.
• Investment sales platform volume increased by 14% in 2020 compared to the previous year.

Negative

• None.

BETHESDA, Md., March 3, 2021 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has hired one of the top-producing property sales teams in Houston, Texas, adding a new market to the Walker & Dunlop Investment Sales (WDIS) platform. Managing Directors, Ryan Epstein and Jennifer Ray lead the team and are responsible for the marketing and sales of multifamily assets in Houston. Other team members include Senior Director Nathan Jones, Director Scott Bray, Transaction Manager Leslie Ginzel, Transaction Coordinator Lauren Ehlers, Senior Graphic Designer Jamie VanWunnik, and Senior Analyst Chris Cassidy.

Ms. Ray commented, "Ryan and I are thrilled to be joining a forward-looking platform that invests in its people and technology and promotes a collaborative culture, all to help us best serve our clients. We look forward to collaborating with our new teammates around the country who are truly the best at what they do."

Prior to joining Walker & Dunlop, Mr. Epstein and Ms. Ray led Berkadia's Houston investment sales team and have closed on more than $7.5 billion of apartment sales throughout their careers. The team brings over 29 years of experience representing and advising major sponsors and has consistently been recognized as one of the best brokerage teams in the area for its exceptional insights and client service.

Kris Mikkelsen, WDIS Executive Vice President, commented, "Houston is one of the largest and historically most active investment sales markets in the country and has been one of our target markets for some time. We set the goal to grow our property sales volume to $25 billion by 2025 as part of our Drive to '25, and adding top talent like Ryan and Jennifer in new focus markets will be key to our success. We are very excited to welcome the team to Walker & Dunlop."

Walker & Dunlop is a leader in the commercial real estate finance space and continues to invest in the WDIS platform, adding new teams in Austin, Chicago, Columbus, Los Angeles, Nashville, and South Florida in the past year. The company's investment sales platform is one of the fastest growing in the country, with $6.1 billion of volume in 2020, up 14% from 2019.  To learn more about our property sales capabilities, visit our website.

About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties. Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one of FORTUNE Magazine's Fastest Growing Companies in 2014, 2017, and 2018. Walker & Dunlop's 1,000+ professionals in 41 offices across the nation have an unyielding commitment to client satisfaction.

 

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SOURCE Walker & Dunlop, Inc.

FAQ

What is the significance of Walker & Dunlop hiring a Houston property sales team?

Hiring the Houston property sales team enhances Walker & Dunlop's market presence and aims to boost its investment sales volume significantly.

Who are the leaders of the new property sales team at Walker & Dunlop?

The new property sales team is led by Ryan Epstein and Jennifer Ray, both with extensive experience in multifamily asset sales.

What are Walker & Dunlop's sales volume goals for 2025?

Walker & Dunlop aims to achieve $25 billion in property sales volume by 2025 as part of its strategic growth plan.

How did Walker & Dunlop's investment sales platform perform in 2020?

In 2020, Walker & Dunlop's investment sales platform achieved $6.1 billion in volume, a 14% increase from 2019.

What is the background of the new Houston sales team at Walker & Dunlop?

The Houston sales team has over 29 years of combined experience and has been recognized for exceptional client service and insights in the market.