Glossary of commercial 
real estate terms

Real estate valuations for financial reporting purposes are conducted quarterly or annually.

A commercial real estate strategy focused on acquiring properties with potential for increased value through renovations, operational improvements, or market repositioning. These investments carry moderate risk but offer higher returns compared to core investments.

A measure comparing median home values to household income used to assess affordability in a market.

Formerly known as Alliant Capital, our Affordable Equity team syndicates tax credits for the development and financing of affordable multifamily rental housing in the U.S. It is an important part of W&D’s strategy to provide a full spectrum of affordable housing services under one roof. W&D Affordable Equity finances the creation and renovation of affordable housing by partnering developers with investors through the LIHTC program.

W&D’s team of mortgage bankers/brokers that act as trusted advisors on all asset classes for many of the industry’s top developers, owners, and operators and a trusted resource for our capital providers.

W&D’s team that originates, underwrites, closes, and services loans to multifamily owners. The #1 government-sponsored enterprise (GSE) lender with access to Fannie Mae & Freddie Mac financing.

W&D’s team that originates, underwrites, closes, and services small balance loans (defined as 5-50 units or under $10M) for multifamily properties.

Walker & Dunlop’s digital experience.

WDSuite provides property and market research capabilities for commercial real estate professionals. It integrates unique data and advanced analytics to support smarter decisions.

A measure of how friendly an area is to walk, especially as it relates to student housing proximity to campus, retail, dining, and public transit. Higher walkability typically correlates with increased student demand, higher occupancy rates, and stronger rent growth, making it a valuable metric in student housing investment strategies.

Part of W&D Affordable Housing, W&D Affordable Debt Financing experts provide specialized and innovative financing solutions, executing transactions using the full range of debt financing options including Fannie Mae, Freddie Mac, FHA/HUD, and Capital Markets.

W&D’s team is committed to improving our nation’s affordable housing stock and ensuring people have access to stable, quality, and safe housing by providing affordable capital advisory and investment sales services, Low Income Housing Tax Credit (LIHTC) equity, debt financing, as well as affordable housing and preservation investment opportunities.

Part of W&D Affordable Housing, W&D Affordable Investment Sales represent the nation’s premier multifamily owners, developers, and operators, guiding them through any situation, including disposition, refinancing, partnership dissolution, partnership buyout, asset repositioning, and resyndication.

Formerly known as Alliant Strategic Investments (ASI), our preservation business focuses on the preservation of affordable housing by investing in affordable assets with the goal of maintaining the affordability status while improving the lives of the residents through physical property improvements, property optimization, and resident services.

An annual report with a thought leadership perspective on ESG trends and directions in the Affordable Housing Market.

W&D’s investment banking team that offers comprehensive M&A advisory services and capital markets solutions to our corporate and investor clients, their boards, and special committees.

W&D’s investment management team that raises and deploys capital for commercial real estate.

W&D’s team that provides investment sales, equity placement, and advisory services, including property analysis, financing, and servicing.

A non-recourse loan program by W&D and Kayne Anderson Real Estate focused on full- term, interest-only loans starting at $2 million, expanding W&D’s direct lending capabilities.

This is what drives Walker & Dunlop. It is our values and how our team behaves: Caring, Collaborative, Driven, Insightful, and Tenacious.

A weekly webcast by W&D Chairman and CEO Willy Walker, featuring prominent figures from entertainment, sports, business, academia, and beyond.

Housing targeted at middle-income earners, such as teachers or public service workers, typically earning 60%-120% of area median income (AMI).

Yield refers to the annual investment return from a property expressed as a percentage of the initial investment. Yield = Annual rental income/purchase price x 100. E.g., purchase price - $600K annual rental income = $23,400 Yield = 3.9%.

W&D’s equity research team that provides extensive macro, sector, and company- specific equity research, proprietary industry surveys, stock recommendations, and insights leveraging our constant flow of real-time data.