Walker & Dunlop closes acquisition of CRE tech company GeoPhy

In 2020, the companies partnered to form Apprise – a joint venture appraisal company that offers shorter underwriting and appraisal processing.

Read more: Walker & Dunlop, GeoPhy employ AI to kickstart new appraisal company

“As our current JV partner in Apprise, we are well acquainted with the GeoPhy team and their capabilities,” Walker said. “Actionable technology — that makes our bankers and brokers more insightful and capable — is what has differentiated Walker & Dunlop, and the acquisition of GeoPhy immediately enhances our capabilities.”

“As a combined company, we have the scale, resources, and expertise to truly differentiate Walker & Dunlop’s services in the marketplace,” said Teun van den Dries, CEO and co-founder of GeoPhy. “We know W&D, we know the value of their brand and platform, and we expect this acquisition to be a fantastic success.”