BETHESDA, Md. - Walker & Dunlop, Inc. has expanded its Midwest Investment Sales team by hiring three industry veterans from CBRE . Managing Directors Steve LaMotte Jr. and Dane Wilson, along with Associate Director Ross Wettersten, have joined the team led by Todd Stofflet. Their focus will be on serving both institutional and private clients in the Midwestern markets, specializing in multifamily property transactions.
The new team members bring over 50 years of combined experience to Walker & Dunlop, having previously facilitated transactions totaling $6.7 billion. Their addition is part of the company's strategy to strengthen its position in the Midwest and enhance its investment sales platform, aiming to foster communication and collaboration across its offices.
Kris Mikkelsen, executive vice president of Investment Sales at Walker & Dunlop, emphasized the importance of strategic advice, investment analysis, and transaction management in the current market landscape. He expressed confidence that the new team's expertise and commitment to customer service will help the company meet its clients' investment sales objectives.
The firm has a significant presence in the multifamily property sales sector, with nearly $8.8 billion in property sales volume completed in 2023. Walker & Dunlop also stands as a leading provider of capital to the U.S. multifamily market, having originated over $24 billion in debt financing volume last year, which includes more than $20 billion for multifamily properties.
Walker & Dunlop (NYSE: WD) is recognized as one of the largest commercial real estate finance and advisory services firms in the United States.
The information for this report is based on a press release statement.
InvestingPro Insights
As Walker & Dunlop continues to expand its footprint in the Midwest by acquiring seasoned professionals from CBRE, it's important to consider the current financial health and market performance of CBRE Group Inc. (NYSE: NYSE:CBRE). CBRE, a key player in the Real Estate Management & Development industry, shows a robust market capitalization of $25.84 billion, reflecting investor confidence in its business model and market position.
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