1. Ernest Freedman joins Walker & Dunlop's board as an independent director. 2. Freedman was CFO at Invitation Homes, enhancing his rental housing expertise. 3. His financial management experience adds value to Walker & Dunlop. 4. Freedman previously held executive roles at Aimco and HEI Hotels. 5. His appointment may influence Walker & Dunlop's strategic decisions.
While Freedman's expertise is beneficial, board changes rarely cause immediate stock price shifts for INVH. Historical examples, like CFO appointments in other firms, often show muted reactions unless strategic implications are clear.
The announcement may have a moderate effect on INVH due to Freedman's background but lacks specific direct implications for the firm's operations or strategy.
The news relates more to Walker & Dunlop than INVH. Historical instances show immediate impacts are unlikely unless direct changes in INVH are announced.
Walker & Dunlop, Inc. announced today that Ernest (Ernie) Freedman was elected 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.
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Ernest Freedman
"I am extremely pleased to welcome Ernie to our board of directors," said Walker & Dunlop Chairman and CEO Willy Walker. "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."
Prior to Invitation Homes, Freedman was executive vice president and chief financial officer of Apartment Investment and Management Company (Aimco), one of the largest owners and operators of apartment communities in the United States and chief financial officer of HEI Hotels and Resorts. He also held various positions at GE Real Estate and Ernst & Young.
"I have long admired Walker & Dunlop's dramatic growth and market leadership position and am honored to be joining its exceptional board of directors," commented Freedman.
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.
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Investors:
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Investor Relations
Phone 301.202.3207
investorrelations@walkeranddunlop.com
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VP, Public Relations
Phone 301.564.3291
nhvwaldegg@walkerdunlop.com
Phone 301.215.5500
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