Walker & Dunlop seniors housing sales reach milestone

BETHESDA, MD., September 28, 2022 /PRNewswire/ — Walker & Dunlop, Inc. today announced that it has sold $1.3 billion senior housing and long-term care facilities from January to July 2022. This milestone for Walker & Dunlop’s Investment Sales (WDIS) team marks the highest sales on record for such a period of its history and signifies the momentum of housing for the elderly nationwide. The team’s ability to collaborate with other platforms within the company, including the multi-family team and the debt platform, attributed to the increased activity and success of the team.

“Walker & Dunlop thrives in this environment through our tiered sales and debt platform and the expertise of our structured finance team in every product type,” said Marc Myers, general manager of the residence for the elderly. “Recent changes in market pricing, resulting in many transactions seeing a 10% to 12% price reduction ahead of federal rate increases, make working with a multi-faceted team like Walker & Dunlop critical, in terms of maintaining prices and incurring debt.”

The portfolio of 25 age-restricted communities located on the East Coast and in the Midwest has been closed June 15e with Welltower.

  • Walker & Dunlop’s retirement home investment sales team was led by Marc Myers, Josh Jandrisand Brett Gardnerwith the multi-family team led by Joe Garibaldi and the equity team led by Chris Harris.
  • The Walker & Dunlop team represented the seller, Calamar, in the $502 million sale of the portfolio at the beginning of the summer.
  • The communities support average monthly rents of $1,300 per unit, and an average resident length of stay of more than five years.

Calamar, along with countless other transactions, is leading the way in senior living, providing momentum that guarantees upward mobility in the market.

Walker & Dunlop’s twenty-person senior housing team are the industry experts in the sale and financing of senior housing or long-term care properties. Whether facilitating divestitures, raising equity or finding debt, the Walker & Dunlop team ensures that every transaction is handled with precision and with maximum results. For more information about the team, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest providers of capital to the commercial real estate industry in United States, enabling property owners and operators to bring their vision for communities to life – where Americans live, work, shop and play. Our people, our brand and our technology make W&D one of the most insightful and customer-focused companies in our industry. With more than 1,400 employees in all major US markets, Walker & Dunlop has consistently been named one of FortuneThe best places to work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental and economic change in our communities.

SOURCEWalker & Dunlop, Inc.

Sallie R. Loera