Press release

October 23, 2023

Walker & Dunlop Continues to Invest in its Affordable Platform with the Addition of an Affordable Equity Finance Expert

Walker & Dunlop, Inc. announced today that it is adding new capabilities to its already expansive affordable housing platform. The team welcomes 20-year industry veteran Warren Horvath as a managing director to source non-LIHTC and programmatic joint-venture equity for affordable housing owners and operators. Horvath has overseen or been directly involved in more than $9 billion of housing transactions, representing over 75,000 units. His experience and expertise working with third-party investors will expand the team's ability to help clients access a full range of capital sources.

Warren Horvath headshot

"We are excited to have Warren on our team. He shares in our affordable mission and is a seasoned industry veteran who can help us provide more creative solutions for our clients' equity needs," said Sheri Thompson, executive vice president of Affordable Housing and Investment Management at Walker & Dunlop. "In today's constantly shifting environment, Warren will help our clients bridge the equity gap and create much-needed affordable housing opportunities for our workforce communities."

Prior to joining Walker & Dunlop, Horvath served as senior vice president of capital markets advisory for a leading global real estate firm. There, he advised affordable housing owner/operators on raising programmatic joint-venture equity, portfolio recapitalization and restructuring, and corporate-level strategic planning and capitalization. In addition, he also advised investors looking to increase their allocations to the affordable housing space, and as Head of Capital Markets for The Michaels Organization (TMO), he was responsible for the strategic sourcing and deployment of debt and equity capital, along with acquisitions and management of capital partner relationships for the organization.

Horvath has also served as a principal of the housing affiliate of a private equity investor, responsible for M&A activity in the affordable housing space. He was also a principal and head of acquisitions for a national multifamily private equity manager, President of Mercy Community Capital, a national community development financial institution (CDFI), and Chief Investment Officer of The Community Development Trust (CDT), the nation's first affordable housing real estate investment trust (REIT).

"I couldn't be more thrilled to join Walker & Dunlop's growing affordable housing platform," commented Horvath. "My expertise and capabilities are very complementary to the existing services the platform provides. Collectively, we have the unique ability to provide our affordable clients with a comprehensive set of solutions to support the creation and preservation of affordable housing."

Horvath earned his bachelor's degree in urban planning from Rutgers University. Additionally, he is active with several charitable and philanthropic efforts, is a member of the Urban Land Institute's Affordable/Workforce Housing Council, has served as a financial advisor to Habitat for Humanity International's capital markets program, and has been honored as a national young leader in housing by the Affordable Housing Finance Magazine.

Walker & Dunlop’s Affordable Housing platform brings together a dedicated group of affordable specialists who provide our clients with solutions to achieve their affordable housing objectives. Our team has the deep expertise and capability to provide debt and equity financing (LIHTC, conventional, and programmatic joint-venture), investment sales and advisory services, as well as opportunities to invest in the preservation and revitalization of affordable properties. To learn more about our capabilities and financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States. Our ideas and capital create communities where people live, work, shop, and play. The diversity of our people, breadth of our brand and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.


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