Solid Q1 Transaction Volume
Walker & Dunlop delivered a healthy Q1 total transaction volume of $7 billion, up 10% from last year, which drove total revenue growth of 4%.
Strong Multifamily Sector Performance
88% of Q1 volume was in multifamily assets, with Fannie Mae originations up 67% from last year, and investment sales volume up 58%.
Strategic Expansion and Hiring
The company added a senior banker to the New York Capital Markets team, entered the hospitality investment sales space, opened a new office in London, and hired a banker to lead growth in the data center space.
Strong Capital Markets Segment Growth
Total revenues for the Capital Markets segment grew 25% to $103 million, with Zelman growing its revenues by 129% due to closing several investment banking transactions.
Positive Sentiment in Q2 Pipeline
The company has already closed 60% of Q1 transaction activity in the first month of Q2, with a promising market outlook for the second quarter and beyond.