Walker & Dunlop invests in property management software company
BETHESDA, MD., November 9, 2021 / PRNewswire / – Walker & Dunlop, Inc. announced today that it has made a minority investment in Fortress Technology Solutions, a real estate technology company that creates real estate management software solutions for multi-family owners and operators. Fortress’s unique platform includes robust third-party application integrations and business intelligence tools to provide users with real-time performance data in their multi-family properties. Fortress’s software is user-friendly, transparent and informative, and in combination with Walker & Dunlop’s extensive relationships across the multi-family industry, will create tremendous value for multi-family owners and operators.
Fortress offers Walker & Dunlop yet another way to help owners and operators of multi-family homes optimize their portfolio performance. According to the National Multifamily Housing Council, there are approximately 22 million apartment units in nearly three million properties in United States, 48% of which are apartments of less than 100 units, considered medium to small multi-family properties. Walker & Dunlop has already made significant investments in human resources and technology this year to expand its lending capabilities to medium and small property owners and has set itself the goal of expanding this business to $ 5 billion in annual loan origination by 2025. By combining the lending capabilities of Walker & Dunlop with software solutions from Fortress, the company will strive to maintain its position as the largest provider of capital to the multi-family industry.
Aaron Perlis, Chief Technology Officer, said: âThis investment aligns with our Drive to ’25 aim to increase our presence in the low balance loan industry. We are delighted to join forces with Kerri davis, President and CEO of Fortress, and her talented team to bring such an innovative and intuitive solution to our customers. Walker & Dunlop continues to focus on delivering increased value to our team members and customers by leveraging technology to solve problems and improve the overall customer experience. By combining our core lending software solutions directly with Fortress’s platform, we can provide these owners / operators with immediate insight into their debt portfolio and refinancing opportunities in one place, accelerating business growth. business loan and increasing Fortress customer base. “
Kerri davis said: âWe are honored to partner with Walker & Dunlop as part of their long term strategy to provide the most effective and comprehensive solutions to their customers. Fortress is designed for all multi-family operators, but owners and private operators have been the most We look forward to taking our core software to the next level with Walker & Dunlop by leveraging their loan solutions to provide analytics and recommendations on the added value Fortress helps create. This partnership will create a revolutionary experience for Fortress users.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is the largest provider of capital to the multi-family industry in United States and the fourth largest lender on all commercial real estate, including industrial, office, retail and hospitality. Walker & Dunlop empowers real estate owners and operators to bring their vision of communities to life – where Americans live, work, shop and play. The strength of our people, our leading brand and our cutting edge technology allow us to meet all client needs, including financing, research, property sale, appraisal and advisory services. With over 1000 employees in all major US markets, Walker & Dunlop a has always been named one of Fortune’s Great Places to WorkÂ® and is determined to make the commercial real estate industry more inclusive and diverse while create meaningful social, environmental and economic change in our communities.
About the fortress
Fortress is a basic property management software product created on the basis that property management software should be simple, transparent and informative. Existing property management platforms are outdated, lack proper support, and require an IT degree and in-depth bank account to fully understand and get the most out of them. Fortress recovers wasted time and money with system training, support from a property management company perspective, and real-time data for immediate knowledge and action. The fortress is based at Nashville, Tennessee. To learn more, visit forteressetech.net.
SOURCE Walker & Dunlop, Inc.