Arnold & Porter Advises Walker & Dunlop in $290M Acquisition of GeoPhy

Arnold & Porter advised Walker & Dunlop Inc. in its acquisition of GeoPhy BV, a leading commercial real estate technology company. The acquisition’s $290 million enterprise value consists of $85 million in closing cash and an additional $205 million of cash earn-out potential.

GeoPhy’s data analytics and development capabilities are expected to accelerate dramatically the growth of Walker & Dunlop’s lending, brokerage and emerging businesses—particularly its technology-enabled appraisal business and small-balance lending platform.

The deal, which closed on February 28, 2022, represents Walker & Dunlop’s largest technology investment to date.

The Arnold & Porter team was led by Corporate & Finance partner Darren Skinner. The team also included partners Jenna Levy and Ryan Nishimoto, and associates Paula Millar, Tracey Klees, and Styna Tao on intellectual property matters; counsel Nancy Perkins on privacy matters; partner Laurie Abramowitz and associate Lauren Hoepfner on tax matters; counsel Doug Pelley and associate Kathryn Geoffroy on employment and benefits matters; partner Michael McGill and associate Jessica Nejberger on government contracts matters; and counsel Justin Hedge on antitrust matters.