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BETHESDA, Md. - Walker & Dunlop, Inc. (NYSE:WD) announced Thursday the election of Ernest "Ernie" Freedman to its board of directors as an independent director and member of the Audit and Risk Committee.
Freedman recently served as executive vice president and chief financial officer of Invitation Homes Inc. (NYSE:INVH), the largest single-family home leasing and management company in the United States.
Prior to his role at Invitation Homes, Freedman was executive vice president and chief financial officer of Apartment Investment and Management Company (Aimco), which operates apartment communities across the United States. His previous experience also includes serving as chief financial officer of HEI Hotels and Resorts, and holding various positions at GE Real Estate and Ernst & Young.
"Ernie’s deep knowledge of rental housing and capital markets, combined with his financial management expertise as a public company CFO is a unique skillset that will add great value to our board of directors," said Walker & Dunlop Chairman and CEO Willy Walker in the press release.
Walker & Dunlop describes itself as one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
The company did not disclose when Freedman would begin his board duties or the length of his term.
In other recent news, Invitation Homes reported its second-quarter earnings for 2025, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.23, surpassing the projected $0.19, and recorded revenue of $681 million, slightly above the anticipated $673.88 million. Following these results, Oppenheimer maintained its Outperform rating with a $41.00 price target, citing stable performance and management’s reiterated guidance. Similarly, Citizens JMP reaffirmed its Market Outperform rating, setting a $40.00 target after Invitation Homes reported Core FFO of $0.48 per share, aligning with expectations. Mizuho adjusted its price target for the company to $32.00 from $36.00, while still maintaining an Outperform rating. The firm expressed optimism about Invitation Homes’ prospects heading into the second half of 2025 and 2026. These updates reflect recent developments for the company.
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