Walker & Dunlop Inc., has agreed to acquire Alliant Capital Ltd., one of the nation’s largest affordable housing development and finance players for $696 million. The transaction is expected to close by the end of the year and will dramatically increase the company’s assets under management from $2 billion to $16 billion.
Alliant was originally founded by Shawn Horowitz in 1997, with the acquisition Horowitz is expected to remain as CEO of Alliant.