RTTNews | Aug 30, 2021 10:18PM EDT

22:18 Monday, August 30, 2021 (RTTNews.com) - Walker & Dunlop Inc. (WD) said that it agreed to acquire Alliant Capital Ltd. and its affiliates, Alliant Strategic Investments and ADC Communities for a total enterprise value of $696 million.

The deal value comprised of $351 million of cash and assumption of Alliant's securitized debt facility; $90 million of WD common stock; $100 million of earn-out structured as participating interest in future cash flows over the next four years.

Alliant is a privately held alternative investment manager focused on the affordable housing sector through low-income housing tax credit syndication, joint venture development, and community preservation fund management.

The transaction is expected to close during the fourth quarter of 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3221924/walker-dunlop-to-buy-alliant-capital-for-total-enterprise-value-of-696-mln.aspx)

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