Alliant: Walker & Dunlop Acquires Affordable Housing-Focused Alliant Capital For $696M

Walker & Dunlop, Inc. (NYSE: WD) has acquired Alliant Capital, Ltd. and its affiliates, Alliant Strategic Investments and ADC Communities, for $696 million. What Happened: The privately-held Alliant is the nation's sixth largest syndicator of low-income housing tax credit (LIHTC) and has developed more than 100,000 affordable units serving over 400,000 families. Alliant's $14 billion of affordable assets under management will be added to Walker & Dunlop's $2 billion of assets under management. The transaction terms include $351 million of cash and assumption of Alliant's securitized debt facility, $100 million of earn-out structured as participating interest in future cash flows over ...Full story available on Benzinga.com