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DIVERSITY IN CRE: AN INTERVIEW WITH MARCUS DULEY

WALKER & DUNLOP | OCT. 24, 2023

In the evolving landscape of commercial real estate, one thing remains certain:
strong leadership can make or break a company’s trajectory. The stalwart leaders
at Walker & Dunlop Investment Partners not only drive our internal operations
but also leave an indelible mark on the industry as a whole, and we’re pleased
that others are taking notice.

Walker & Dunlop Investment Partners’ Chief Investment Officer Marcus Duley
recently chatted with Diversity CRE host Nylz Reyes about his role in real
estate finance and how WDIP is committed to promoting diversity in the industry.


MEET MARCUS

Born and raised in Philadelphia, Marcus embodies his family’s tradition of
excellence and success. His older sister and younger brother are both
physicians, and the three, guided by their parents’ example, made it their
childhood priority to value education, learn, and do well.

Marcus earned a full scholarship to St. Joseph’s Prep, a high school known for
academic excellence and bringing together people of diverse backgrounds. There,
he focused on building a personal background of diversity, including roles on
the chess, football, and wrestling teams. He later earned a full academic
scholarship to Loyola University in Maryland and took advantage of a chance to
study abroad in Buenos Aires, Argentina, where he learned Spanish.

The path from Loyola University to Chief Investment Officer at WDIP wasn’t
linear for Marcus. After graduating college, he dabbled in marketing for Black
and Decker’s Dewalt Power Tools division before working for Vanguard as a client
service representative. He attended Temple University to earn his MBA, then
entered a commercial real estate training program at Wachovia Bank to experience
various roles in real estate finance.

> “I’ve been fortunate to work with people who were always pursuing something
> better,” he shares with Reyes. “When something became easy, I looked to the
> next step. The same applies to financial goals, too.”


MARCUS ON D&I IN CRE

Having witnessed both lacking and having diversity throughout his education and
career, Marcus recognizes the potential beneficial impact diversity can have on
commercial real estate.

However, he also agrees the industry as a whole isn’t there yet.

> “There’s not a lot of diversity in CRE, but I do see efforts being made. What
> we really need is to grade results, not effort. A “C” is still a “C” no matter
> how hard you studied.”

To spur change, Marcus shares that individuals from diverse backgrounds should
consider it as a career path. He wanted a job in finance and ended up in real
estate, but he believes that if others are aware of the industry and its
opportunities for diverse backgrounds, more companies can generate D&I results.


HOW WDIP CONTINUES TO EXPAND D&I IN CRE

Marcus and other leaders at WDIP are leading the charge to help invite more
diversity into CRE. Senior management shares these goals and responsibilities,
including ERGs for black employees, LBGTQ+, and other minorities. Spearheaded by
CEO Willy Walker, Walker & Dunlop launched CREUnited in 2021 to address the lack
of diversity in commercial real estate.

> “If these goals are achieved, it impacts people’s pockets. And we have a
> strong push from the CEO down to make it happen.”


WATCH THE FULL CONVERSATION WITH MARCUS DULEY ON DIVERSITY CRE

From Philly to Private Equity: How Marcus Duley became a Chief Investment
Officer at WDIP

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