Bethesda, Maryland – September 13, 2016
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that its multifamily investment sales platform, Walker & Dunlop Investment Sales (WDIS), recently closed its 25th transaction of the year, bringing the Company’s year-to-date sales to over $1.5 billion as of August 30, 2016. Walker & Dunlop arranged the debt placement for one third of the total sales volume.
Greg Engler, executive vice president, stated, “Hitting $1.5 billion in sales before the start of the fourth quarter is an achievement that reflects the active transaction market today as well as the hard work of the entire WDIS team. In the past year, WDIS has expanded its client base and leveraged the Company’s debt placement relationships to gain access to more deals across the country, and in turn, existing WDIS clients are now looking to Walker & Dunlop for their financing needs. I couldn’t be more excited for the remainder of the year and to continue expanding the presence of WDIS throughout the country while taking advantage of the synergies between Walker & Dunlop’s multifamily investment sales and debt placement platforms.”
The sale of M North Apartments, a garden-style apartment community in Orlando, Florida, marks the 25th closing by WDIS in 2016. The WDIS team, led by Greg Engler, Pat Jones, managing director, and Chris Chadbourne, vice president, represented the seller, Pollack Shores Real Estate Group, in the sale of the property to GrayCo, Inc. M North is part of the rapidly-expanding Orlando submarket, Millenia, located just ten miles from downtown Orlando and offers easy access to major shopping and dining while providing serenity from the traffic and noise of the downtown area. The 288- unit apartment complex features amenities such as a bar and lounge area, complimentary fitness classes, a pool with outdoor kitchen and grilling stations, and private outdoor cabanas.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 600 professionals in 28 offices across the nation with an unyielding commitment to client satisfaction.