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Washington DC  + DC Metro  + Finance  | 
Walker & Dunlop, Inc., has completed the $85-million-plus acquisition of commercial real estate technology company GeoPhy.

Walker & Dunlop Acquires GeoPhy for $85M Plus $205M Earn-Out Potential

Bethesda, MD-based Walker & Dunlop, Inc., has completed the acquisition of GeoPhy, a commercial real estate technology company.

Walker & Dunlop acquired GeoPhy for $85 million in cash paid at closing with an additional $205 million of cash earn-out potential structured to directly align with Walker & Dunlop’s Drive to ’25 goals surrounding growth in appraisal revenues, SBL volumes, and mortgage banking gains.

“GeoPhy’s technology capabilities will allow us to dramatically accelerate the growth of our digitally driven businesses, including Apprise, our tech-enabled appraisal business, and our small balance lending (SBL) platform as we continue to differentiate the Walker & Dunlop platform through our people, brand and technology,” said Aaron Perlis, Walker & Dunlop chief information officer stated.

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Walker & Dunlop's Perlis

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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