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Monday, May 23, 2022

Affordable Housing Financier Alliant Capital Acquired for $696 Million

Alliant Capital Ltd., and its affiliates Alliant Strategic Investments and ADC Communities, have been acquired by Walker & Dunlop Inc. for $696 million, the companies announced last week.Woodland Hills-based Alliant is a private investment manager focused on the affordable housing sector through low-income housing tax credit syndication, joint venture development and community preservation fund management.Under the terms of the deal, Bethesda, Md.-based Walker & Dunlop will pay $351 million of cash and the assumption of Alliant’s securitized debt facility, which had an outstanding balance of $155 million. In addition, Walker & Dunlop will provide $90 million of its common stock, with the number of shares to be determined at closing and $100 million of earn-out structured as participating interest in future cash flows over the next four years.“Combining with Walker & Dunlop’s scaled lending and sales platform will accelerate Alliant’s growth over the coming years,” Alliant Chief Executive Shawn Horwitz said in a statement. “Walker & Dunlop’s people, brand and innovative technology will benefit our clients, partners and investors, and allow us to provide more affordable housing.”The transaction is expected to close during the fourth quarter of 2021. Beekman Advisors represented Alliant as financial advisor in the transaction.

Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert is a Los Angeles-based reporter covering retail, hospitality and philanthropy for the San Fernando Valley Business Journal. In addition to her current beat, she is particularly interested in criminal justice topics, health and science stories and investigative journalism. She received her AA in Humanities from Moorpark College in 2016, her BA in Communication from Cal Lutheran University in 2019 and followed it up with a MA in Specialized Journalism from USC in the summer of 2020. Through her work, Katherine aspires to help strengthen the fragile trust between members of the media and the public.

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