BETHESDA, Md., Nov. 9, 2021 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today that it has made a
minority investment in Fortress Technology Solutions, a real estate
technology firm that creates property management software solutions
for multifamily owners and operators. Fortress' unique
platform includes robust third-party application integrations and
business intelligence tools to provide users real-time performance
data into their multifamily properties. Fortress' software is
user-friendly, transparent, and informative, and in combination
with Walker & Dunlop's extensive relationships across the
multifamily industry, will create tremendous value for multifamily
owners and operators.
Fortress provides an additional avenue for Walker & Dunlop
to help multifamily owners and operators optimize portfolio
performance. According to the National Multifamily Housing
Council, there are approximately 22 million apartment units across
nearly three million properties in the
United States, 48% of which are apartments with less than
100 units, considered medium to small multifamily properties.
Walker & Dunlop has already made significant investments in
people and technology this year to scale its lending capabilities
for owners of medium and small properties and has set a goal to
scale this business to $5 billion in
annual loan originations by 2025. By pairing Walker & Dunlop's
lending capabilities with Fortress's software solutions, the
company will strive to maintain its position as the largest
provider of capital to the multifamily industry.
Aaron Perlis, Chief
Technology Officer, shared, "This investment aligns with our
Drive to '25 goal of growing our presence in the small
balance lending space. We're thrilled to join forces with
Kerri Davis, President and CEO of
Fortress, and her talented team to bring such an innovative,
intuitive solution to our clients. Walker & Dunlop continues to
focus on providing increased value to our team members and
customers by leveraging technology to address pain points and
improve the overall customer experience. By combining our core
lending software solutions directly with Fortress' platform, we can
provide these owner/operators with immediate insight into their
debt portfolio and refinance opportunities in one place, further
accelerating growth across the company's lending businesses and
growing Fortress' client base."
Kerri Davis stated, "We are
honored to be partnering with Walker & Dunlop as a part of
their long-term strategy to provide the most efficient and
comprehensive solutions to their clients. Fortress is designed for
all multifamily operators, but private owners and operators have
been most vocal in their need for a transparent and cost-effective
core platform that allows them to outperform the market and
ultimately adds value to their assets. We look forward to taking
our core software to the next level with Walker & Dunlop by
leveraging their lending solutions to provide analysis and
recommendations on the increased value that Fortress helps create.
This partnership will create a game changing experience for
About Walker & Dunlop
Dunlop (NYSE: WD) is the largest provider of capital to the
multifamily industry in the United
States and the fourth largest lender on all commercial real
estate including industrial, office, retail, and hospitality.
Walker & Dunlop enables real estate owners and operators to
bring their visions of communities — where Americans live, work,
shop, and play — to life. The power of our people, premier brand,
and industry-leading technology enables us to meet any client need
– including financing, research, property sales, valuation, and
advisory services. With over 1,000 employees across every major
U.S. market, Walker & Dunlop has consistently been named one of
Fortune's Great Places to Work® and is committed to making the
commercial real estate industry more inclusive and
diverse while creating meaningful social, environmental, and
economic change in our communities.
Fortress is a core property
management software product created on the basis that property
management software should be easy, transparent and informative.
Existing property management platforms are outdated, lack proper
support and require a computer science degree and a deep bank
account to fully understand and get the most out of them. Fortress
recovers lost time and money through in-system training, support
from the perspective of a property management company and real-time
data for immediate knowledge and action. Fortress is based in
Nashville, Tennessee. To learn
more, visit fortresstech.net.
SOURCE Walker & Dunlop, Inc.