Walker & Dunlop Hires Multifamily Property Sales Team in Chicago

Rhea-AI Summary

Walker & Dunlop has expanded its multifamily property sales capabilities by hiring a new team in Chicago. This team, comprising Managing Directors Todd Stofflet and Jason Stevens, along with Associate Director Brad Smith, will focus on marketing and sales in the Midwest. They bring a combined experience of $3.2 billion in property sales from their previous positions at Cushman & Wakefield. The company aims to grow its annual property sales volume to $25 billion by 2025, enhancing its market presence despite challenges faced in 2020.

Positive

• Expansion of multifamily property sales capabilities in Chicago.
• New team adds significant industry experience and client relationships.
• Goal to increase annual property sales volume to $25 billion by 2025.
• Continued investment in property sales platform despite market disruptions.

Negative

• Market disruption in 2020 may impact growth plans.

BETHESDA, Md., Dec. 21, 2020 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has hired a property sales team in Chicago, Illinois, establishing multifamily property sales capabilities focused on Chicago and the surrounding region. Managing Directors, Todd Stofflet and Jason Stevens, and Associate Director Brad Smith are responsible for the marketing and sales of multifamily assets in Chicago and throughout the Midwest and bring a track record of exceptional client service to the Walker & Dunlop Investment Sales (WDIS) platform. Despite the commercial real estate market disruption experienced in 2020, Walker & Dunlop has continued to invest in its property sales platform, adding net nine brokers to WDIS year to date.

Kris Mikkelsen, WDIS Executive Vice President, commented, "As we recently laid out in our Drive to '25 growth objectives, we are extremely focused on continuing to build out our property sales footprint across the United States with the very best people in the industry. Adding top talent like Todd, Brad, and Jason, who have deep client relationships and incredible reputations in the market, will be the key to our success in growing our annual property sales volume to $25 billion by 2025. We are very excited to welcome this team to Walker & Dunlop."

Prior to joining Walker & Dunlop, Messrs. Stofflet, Stevens, and Smith were responsible for multifamily brokerage at Cushman & Wakefield, where they established a client base of some of the most prominent institutional owners of commercial real estate in the country. The team has been involved in a combined $3.2 billion of property sales during their careers.

Walker & Dunlop is a leader in the multifamily property sales space and continues to expand its capabilities and reach across the United States. The company has more than doubled the size of its property sales team since the end of 2018 with the addition of new offices in Austin, Chicago, Los Angeles, the New York Metropolitan area, Philadelphia, Portland, and San Diego. Walker & Dunlop is focused on growing this platform to complement its national mortgage banking footprint. 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 950+ professionals in 41 offices across the nation have an unyielding commitment to client satisfaction.

 

View original content:http://www.prnewswire.com/news-releases/walker--dunlop-hires-multifamily-property-sales-team-in-chicago-301196830.html

SOURCE Walker & Dunlop, Inc.

FAQ

What recent hiring has Walker & Dunlop made in Chicago?

Walker & Dunlop has hired a new property sales team in Chicago, including Todd Stofflet, Jason Stevens, and Brad Smith.

What are the goals of Walker & Dunlop's new team in Chicago?

The new team aims to enhance marketing and sales for multifamily assets in Chicago and the Midwest, contributing to an overall goal of $25 billion in annual property sales by 2025.

What experience does the new Chicago team bring to Walker & Dunlop?

The new team has a combined experience of $3.2 billion in property sales from their time at Cushman & Wakefield.

How has Walker & Dunlop's property sales team grown recently?

Walker & Dunlop has added net nine brokers to its property sales team year to date 2020.

What impact did the commercial real estate market disruption in 2020 have on Walker & Dunlop?

Despite the disruptions, Walker & Dunlop continued to invest in its property sales platform.