Walker & Dunlop Enters Multifamily Investment Sales Business Through Acquisition of Engler Financial Group

Walker & Dunlop

("the Company") announced today that it has acquired a controlling interest in the investment sales platform of Engler Financial Group, LLC ("Engler"). Engler is an investment advisory and brokerage firm focused exclusively on providing investment sales services to owners of multifamily properties in the southeastern United States. Walker & Dunlop Investment Sales, as the new entity will be known, will expand the platform nationally. From 2012 through 2014, Engler completed $2.2 billion in investment sales through 51 transactions. Since the firm's founding in 2003, Engler has worked on $10 billion of multifamily investment sales transactions. The entire Engler team will join Walker & Dunlop Investment Sales. Greg Engler, Engler's Founder and CEO, will become Executive Vice President of Walker & Dunlop Investment Sales, and Kris Mikkelsen, Chief Operating Officer of Engler, will become Managing Director and COO of the new entity. "Greg Engler's leadership and track record speak for themselves. Having Engler as the cornerstone of Walker & Dunlop Investment Sales' platform, with Greg and his team's expertise and leadership spearheading our growth across the nation, is exactly the way we wanted to enter this market," stated Walker & Dunlop Chairman and CEO, Willy Walker. "Walker & Dunlop's leadership position in the multifamily finance market, coupled with the existing and future investment sales platform that Engler creates, will bring additional client touch points, revenues, and shareholder value to Walker & Dunlop." Mr. Engler commented, "One out of every three multifamily financings in America is done by the GSEs, and what better partner to accelerate our growth than Walker & Dunlop, one of the very largest GSE lenders in the nation. I built Engler with a very distinct focus on culture and client relationships, and I am thrilled to join forces with another firm that places the same amount of time and effort on making sure that its clients and people are always front and center. This combination is a tremendous growth opportunity for both firms." Beekman Advisors represented Engler in this transaction. Walker & Dunlop does not expect the transaction to have a material impact on its second quarter financial results but expects the transaction to be accretive in 2015. The acquisition was structured as an asset purchase. Additional details on the transaction will be discussed during the Company's first quarter earnings call, scheduled for May 6th, 8:30 AM Eastern time.