Walker & Dunlop has agreed to acquire a controlling interest in Zelman & Associates, a housing research and investment banking firm in the US.
New York and Cleveland-based Zelman was founded in 2007 by Ivy Zelman and Dennis McGill. Zelman & Associates has 25 employees, all of whom will join Walker & Dunlop upon closing of the acquisition, which is slated to happen during the third quarter of 2021. It is subject to customary consents and regulatory approvals.
In the announcement of the purchase, Walker & Dunlop says Zelman's research is "differentiated by its tenured housing experience, proprietary surveys anchored by an unparalleled network of executive-level leaders and an acute ability to identify and synthesize developing investment and fundamental themes."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
