Acquiring Engler Financial Group LLC this month, a real-estate firm that specializes in the sale of apartment buildings in the Southeast, Walker & Dunlop wants to expand the acquisition to cover even more ground. Walker & Dunlop makes most of it’s money making loans to apartment-building owners, but with the acquisition of Engler, hopes to add sales-brokerage services in many of it’s 22 offices throughout the US. Engler is amuch smaller company however, currently only having 3 offices nationwide.
Chief Executive of Walker & Dunlop, Willy Walker believes Engler, which will be re-named to Walker & Dunlop Investment Sales, “should scale quite easily”. Walker & Dunlop’s purchase of Engler came at a time when the apartment market is pretty hot. The rationale behind the acquisition came when a rival company to Walker & Dunlop stole away some business that provided lots of insight and intelligence into the investment-sales industry. Executives at Walker & Dunlop liked how Engler presented opportunities to build their own platform in the investment-sales industry and played a factor in their acquisition. Walker & Dunlop sees this acquisition as a win-win scenario. They believe the current cycle still has multiple years left before a downturn.