Walker & Dunlop Names New Appointees to Expanding Directorship

In Maryland, ""Walker & Dunlop, Inc."":http://www.walkerdunlop.com/, is preparing to welcome two new board members. Announcing the addition of Andrew Florance and Michael Malone to the firm's directorship, Walker & Dunlop filled two of three vacancies on the board.

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Current openings on Walker & Dunlop's board resulted from increasing the company's number of directors from from eight to 11 in conjunction with its previous acquisition of ""CWCapital LLC"":http://www.cwcapital.com/Home/Welcome.aspx. Specifically, Walker & Dunlop noted that Malone was added to its directorship pursuant to a purchase agreement dating from June 7, which provides ""that CW Financial is entitled to designate up to two board members for each election of directors.""

Most recently, Malone served as a managing director for ""Fortress Investment Group"":http://www.fortress.com/, a role he held until earlier this year;

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Malone also boasts board memberships for ""Nationstar Mortgage Holdings, Inc."":http://nationstarholdings.com/, and ""Morgans Hotel Group Co."":http://www.morganshotelgroup.com/en-us/

""We are very happy to have Andy Florance and Mike Malone join the Walker & Dunlop board,"" stated Willy Walker, the company's chairman, president, and CEO.

Elaborating on Malone's addition to the company's directorship, Walker added, ""Mike brings extensive experience and expertise in the real estate finance markets, having been a major provider of capital to companies like Walker & Dunlop when he was at Bank of America. Mike's industry knowledge coupled with his board experience make him a very valuable addition to our board.""

Florance is the founder, president, and CEO of ""CoStar Group, Inc."":http://www.costar.com/, which Walker & Dunlop described as revolutionizing ""the way the commercial real estate sector utilizes data technology."" In his leadership position for CoStar, Florance is responsible for the company's growth from start-up to its emergence as a publicly-traded enterprise with more than 2,000 employees.

""Andy is a pioneer in the commercial real estate data analytics space and is an incredible entrepreneur and executive. He created CoStar from scratch and has turned it into a market-leading company that has produced spectacular shareholder returns,"" continued Walker.

Concluding his commentary, Walker of the firm's newest directors, ""Both bring with them deep understanding of the commercial real estate industry and extensive public company board experience.""