Personnel News from Walker & Dunlop, IPA, JLL
Walker & Dunlop Hires Former FHA Commissioner to Lead HUD Loan Originations
Walker & Dunlop, Bethesda, Md., announced Dana Wade joined the firm as Chief Production Officer for all Federal Housing Administration-backed loan originations with the U.S. Department of Housing and Urban Development. She will also help drive the company’s affordable housing financing activities.
Wade previously served as the Commissioner of the Federal Housing Administration, which financed a total of over 11,000 rental properties and 3,000 mortgages for residential care facilities and hospitals during FY 2020. In her role at the FHA, she was responsible for carrying out the agency’s mission of providing affordable housing for moderate and low-income households, implementing enhanced risk management for FHA’s $1.4 trillion portfolio and leading over 2,400 employees.
Prior to joining the FHA, Wade served as Associate Director at the Office of Management and Budget, where she led budget oversight for six Executive Branch agencies with a focus on financial services, including HUD and multiple independent agencies. She also held senior roles in Congress, including Deputy Staff Director for the Senate Committee on Banking, Housing and Urban Affairs and Deputy Staff Director for the Senate Committee on Appropriations.
Institutional Property Advisors Expands Dallas Multifamily Team
Institutional Property Advisors announced apartment property investment specialists Michael Ware and Taylor Hill have joined the firm’s multifamily team in Dallas. Both will serve as Senior Vice Presidents.
Ware and Hill spent the last five-plus years at Berkadia, where they transacted more than $3 billion in multifamily assets.
An expert in investment underwriting, strategic marketing and sales negotiations, Ware began his brokerage career at Marcus & Millichap.
Hill specializes in the marketing and disposition of multifamily assets throughout the Dallas-Fort Worth area. He supports clients with investment strategies, transaction management and financial structuring. Previously, he spent more than five years with Marcus & Millichap and was involved in the disposition of 15,000-plus multifamily units valued at greater than $1.2 billion.
JLL Valuation Advisory Healthcare Group Promotes Erik Hill
The JLL Valuation Advisory group promoted Erik Hill to National Practice Leader of Healthcare.
In his new role, Hill, who is based in Dallas, will specialize in third-party valuations for healthcare assets, including hospitals, medical offices, surgical centers, substance abuse facilities, cancer centers, imaging centers and behavioral facilities. He will also oversee fair market rent studies for Stark compliance and purchase price allocations for REITs and other owners and investors who need financial reporting. Additionally, he will oversee client management, healthcare team production, marketing and both internal and external team representation.
Hill noted that, while many property types have been significantly affected by the COVID-19 pandemic, the healthcare sector has proven to be resilient, as has been reflected in high rent collections with limited delinquencies and rent deferrals over the last year. Ken Gill, who established the healthcare valuation business at JLL, decided to step down from his position as the national practice leader and handed the reigns over to Hill.
