Bethesda, Maryland – March 16, 2016
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that it originated $617 million in loans backed by student housing properties in 2015.
With a growing percentage of high school graduates choosing to pursue higher education, steady growth in college enrollment over the next several years is expected in the United States, which will drive the demand for student housing across the country. This expectation of increased demand combined with strong occupancy trends make student housing an attractive option for borrowers looking to deploy capital in the commercial real estate space. As a sub-sector of multifamily housing, student housing financing requires specialized knowledge of the evolving market trends facing owners and operators of these properties that cater to college-age residents with very specific demands.
Walker & Dunlop’s President, Howard W. Smith stated, “Walker & Dunlop has decades of experience financing student housing properties and in-depth knowledge of student housing markets throughout the country. This market is everchanging to meet the increasing demand for off-campus student housing and it’s vital that borrowers are aware of the current trends in this sector. Walker & Dunlop’s experienced originators understand the unique financing requirements and options available to borrowers in the student housing space, which allows our team to structure optimal financing to meet the needs of our borrowers.”
Recent student housing financings by Walker & Dunlop:
Collegetown Terrace - Ithaca, New York
Domain at Tempe - Tempe, Arizona
Tetro Student Village - San Antonio, Texas
South Campus Apartments - Madison, Wisconsin
More information on Walker & Dunlop’s experienced student housing finance professionals is available here, on the Company’s website,www.walkerdunlop.com.
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.