Walker & Dunlop Acquires GeoPhy to Accelerate Technology-Driven Businesses
BETHESDA, Md., Feb. 7, 2022 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has entered into a definitive agreement to acquire GeoPhy, a leading commercial real estate technology company. GeoPhy's data analytics and development capabilities will dramatically accelerate the growth of Walker & Dunlop's lending, brokerage, and emerging businesses including Apprise, its tech-enabled appraisal business and its small balance lending (SBL) platform. GeoPhy CEO and co-founder, Teun van den Dries will continue to lead the GeoPhy team and assume leadership of the Apprise and SBL businesses while supporting continued innovation throughout Walker & Dunlop.
- Earn-out is measured and paid annually
The transaction is expected to close during the first quarter of 2022. - J.P. Morgan Securities LLC is acting as advisor to Walker & Dunlop, and Arnold & Porter Kaye Scholer LLP and Stibbe are representing the Company as legal counsel.
- Houlihan Lokey is acting as advisor to GeoPhy, and Wilson Sonsini Goodrich & Rosati and Biesheuvel Jansen Advocatenare representing GeoPhy as legal counsel.
- Walker & Dunlop enables real estate owners and operators to bring their visions of communities where Americans live, work, shop, and play to life.