Walker & Dunlop has tapped an experienced team of senior housing brokers in Chicago as the firm expands its property sales platform to the Midwest.
Managing Directors Josh Jandris and Mark Myers, along with Vice Presidents Jordyn Berger, Alex Vice and Mike Surak have made the move to Walker & Dunlop — all five were previously with Institutional Property Advisors (IPA) Senior Housing Group at Marcus & Millichap. There, they closed over $5.3 billion in transactions.
Bethesda, Maryland-based Walker & Dunlop employs more than 700 people across 29 U.S. offices, making it one of the largest commercial real estate finance companies in the country. Its senior housing finance group originated more than $900 million of senior housing debt volume last year, according to a press release announcing the new Chicago hires.
“Joining Walker & Dunlop gives our team the opportunity to be a major contributor to the company’s strategic growth over the next several years, particularly as it expands the scale of its property sales footprint,” Myers stated in the news release.
Since the beginning of last year, Walker & Dunlop has added 12 brokers, and is expanding its property sales capabilities to complement its national mortgage banking business. The senior housing team in Chicago will be focused on deals across the whole continuum of property types.
“We have been extremely focused on building out our multi-family property sales platform across the United States, and the addition of this talented team in Chicago both expands our geographic footprint and provides an entry point into the active senior housing sector,” Walker & Dunlop executive vice president Greg Engler said. “The team’s expertise in this niche segment of the multi-family market, along with its long-term care platform, will complement our established senior housing finance capabilities and provide additional value to our clients.”