Quarterly Call Recap: Understanding the Questions Facing the Multifamily Market in 2027 with Walker & Dunlop Chairman & CEO Willy Walker
October 2026
This month, EMBREY was joined by Walker & Dunlop Chairman & CEO, Willy Walker, to examine the questions which will influence the multifamily real estate market in 2027.
As the cycle continues to evolve, the multifamily market faces important considerations. How will the market respond as the current supply pipeline is absorbed? Where is capital finding opportunity? And what should owners, developers, and investors be watching as they position for 2027?
Willy brings a broad perspective across real estate, capital markets, and the wider economy, offering valuable context for understanding which forces are shaping the multifamily landscape into Q4 2026 and beyond.
Watch the full Quarterly Call above, and download a PDF recapping the event with additional analysis from EMBREY’s CIO, Garrett Karam, highlighting the factors influencing the multifamily market in the United States. For future publications covering multifamily housing, real estate development, and market research, subscribe to EMBREY Insights.
Garrett Karam,
EMBREY, Chief Investment Officer
Garrett Karam leads all investment and capital markets activity for EMBREY, including growing the company’s funds and acquisitions platforms. Since joining EMBREY, Garrett has secured nearly $3 billion in capital for more than 40 developments and has presided over $2 billion in asset sales. He is integral to setting the strategic direction of the company and maximizing return on investment for both EMBREY and its investors.
Willy Walker,
Chairman and CEO of Walker & Dunlop
Willy Walker is chairman and chief executive officer of Walker & Dunlop. Under Mr. Walker’s leadership, Walker & Dunlop has grown from a small, family-owned business to become one of the largest commercial real estate finance companies in the United States and internationally. Walker & Dunlop is listed on the New York Stock Exchange, and in its first ten years as a public company has seen its shares appreciate over 800%. The firm was also #17 on Fortune’s 2017 list of “Fastest Growing Public Companies” and has been recognized by Great Place To Work for 9 years, and is on Fortune's 100 Best Companies to Work For® 2026 list.
Mr. Walker received the Ernst & Young Entrepreneur of the Year award in 2011 and was named “Financier of the Year” in 2017 and 2020 by Commercial Property Executive.
Mr. Walker received his master’s degree in business administration from Harvard University and a bachelor’s degree from St. Lawrence University. He serves on the board of the U.S. Olympic & Paralympic Foundation and Harvard Business School Board of Deans Advisors and previously served on the boards of St. Albans School, the Mortgage Bankers Association, and Children’s National Medical Center. Mr. Walker is also a member of the Real Estate Roundtable. Mr. Walker is an avid runner, skier, and cyclist, and has run the Boston Marathon in 2:36.
