Walker & Dunlop to Acquire Asset Management Platform

Bethesda, Maryland – March 14, 2018

Walker & Dunlop, Inc. (NYSE: WD) announced today that it has agreed to acquire JCR Capital (“JCR”), a Denver-based alternative investment manager that provides capital solutions to commercial real estate sponsors throughout the United States. With over $800 million in assets under management, JCR has a strong track record investing institutional capital in commercial real estate including joint venture equity, preferred equity, mezzanine debt, and transitional first-trust loans.

Walker & Dunlop Chairman and CEO, Willy Walker, commented, “The acquisition of JCR, a registered investment advisor with an established asset base and track record, is an important step towards our goal of building an $8 to $10 billion asset management business at Walker & Dunlop by 2020. JCR’s reputation, investor base, and growth-oriented culture fit extremely well with Walker & Dunlop. We are excited to welcome Jay Rollins, Maren Steinberg, and the entire JCR team to Walker & Dunlop and expand the products and services we currently provide to our customers across the United States.”

JCR’s co-founders and managing principals, Jay Rollins and Maren Steinberg, will continue to lead JCR’s daily operations as part of Walker & Dunlop. Mr. Rollins stated, “We believe that Walker & Dunlop’s scale and deep client relationships will benefit JCR’s fund investors while allowing JCR to continue to build out its middle market commercial real estate finance platform.”

The acquisition of JCR will bring Walker & Dunlop’s total assets under management to over $1 billion, inclusive of the Company’s portfolio of multifamily bridge loans through its joint venture with Blackstone Mortgage Trust. Walker & Dunlop expects the all-cash transaction to close in the second quarter of 2018. The transaction is subject to customary closing conditions, including obtaining applicable consents from existing investors in JCR funds.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 600 professionals in 28 offices across the nation with an unyielding commitment to client satisfaction.

Forward-Looking Statements

Some of the statements contained in this press release may constitute forward-looking statements within the meaning of the federal securities laws.

The forward-looking statements reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed or contemplated in any forward-looking statement.

While the forward-looking statements reflect our good faith projections, assumptions and expectations, they are not guarantees of future results. Furthermore, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes, except as required by applicable law. Factors that could cause our results to differ materially include, but are not limited to: (1) general economic conditions and multifamily and commercial real estate market conditions, and (2) our ability to successfully integrate JCR’s operations into our current business.

For a further discussion of these and other factors that could cause future results to differ materially from those expressed or contemplated in any forward-looking statements, see the section titled “Risk Factors” in our most recent Annual Report on Form 10-K, as it may be updated or supplemented by our Quarterly Reports on Form 10-Q and our other filings with the SEC. Such filings are available publicly on our Investor Relations web page at www.walkerdunlop.com.