Walker & Dunlop Closes Over $820 Million In Central Texas Transactions

BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that the firm has successfully closed over $820 million in sales and financings across Central Texas between January and August 2025. This underscores the region’s resurgence of demographic and economic growth.

Since the start of 2025, Walker & Dunlop Capital Markets has arranged over $320 million in conventional property and land sales and over $500 million in acquisition financing, refinancing, and equity capitalization transactions across conventional and affordable properties.

“This performance underscores Walker & Dunlop’s ability to connect buyers and sellers, place capital, and execute in a complex market,” said Matt Pohl, managing director of Capital Markets. “Our integrated platform has helped clients move quickly on opportunities as the market pivots from an interest rate focus to fundamentals-based underwriting. Capital is returning to core growth markets like Austin and San Antonio as investors meet an entry point defined by tightening supply, strong absorption, and forward rent growth. The development pipeline has dropped to lows not seen in this market in decades, and absorption stats continue to set records. Market sentiment has shifted, and we are poised to pair investors with investment opportunities supported by Central Texas’ job and population growth.”

As of mid-2025, Central Texas is showing clear signs of stabilization and a shift toward balance. Property sales and financing volume is climbing, even in a volatile interest rate environment, fueled by rising capital demand and renewed lender activity in the multifamily sector.

Patrick Short, senior director of Capital Markets added, “Lenders are leaning into Central Texas with renewed conviction, taking a more disciplined approach to underwriting and competing aggressively for high-quality deals in Austin and San Antonio—growth markets supported by significant outside investment and institutional sponsorship.”

While cost relief has been seen in certain sectors, developers are still not seeing the relief some had hoped for which has caused challenges for new development in Central Texas to persist. This has provided an opportunity to purchase new construction class-A product well below replacement cost. While underwriting remains a challenge in today’s environment, the accelerating demand for multifamily paired with the attractive basis opportunities in the market have pushed buyer underwriting in anticipation of the growth to come.

Key factors fueling this sector include:

• Continued expansion from firms like Apple, Tesla, and Nvidia is fueling demand for both talent and office space across Central Texas.
• Mega-projects like Samsung’s $45B Taylor fabrication facility and the EV supply chain are driving long-term job growth and industrial absorption.
• Billions in upgrades to highways, transit, and airports are unlocking new submarkets and enhancing regional connectivity.
• Rising median household incomes, paired with lower unemployment rates.

Walker & Dunlop remains at the center of this activity, demonstrating the strength of its platform and its role in driving the growth of Central Texas commercial real estate asset class. From growth-stage developers to long-term institutional owners, clients continue to rely on our guidance and capital relationships to transact in today’s market.

Walker & Dunlop is a leader in multifamily property sales, having completed over $57 billion in property sales volume since 2021. The firm is also one of the top providers of capital to the U.S. multifamily market. In 2024, Walker & Dunlop originated over $30 billion in debt financing volume, including lending over $25 billion for multifamily properties. To learn more about our capabilities and financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.