Walker & Dunlop extended its reach in the Midwest with the acquisition of MSF Real Estate Capital in Columbus, Ohio.
MSF is an independent commercial real estate firm that services about $925 million of life insurance company loans. Substantially all of this service line will be added to Walker & Dunlop’s servicing portfolio before the end of the first quarter of this year.
With the acquistion, Walker & Dunlop will be adding managing directors Jeffrey Morris and Chad Kiner, as well as senior director Scott Moore and director A.J. Mangan, to its roster. The four will staff Walker & Dunlop’s first office in the Columbus market.
This team has historically originated between $700 million and $1 billion of annual financing transaction volume through a range of capital providers.
“Jeff, Chad and the entire MSF team have an excellent reputation in the industry for sourcing, struturing and closing real estate development, acquisition and permanent financing transactions,” said Jim Cope, executive vice president and head of capital markets at Walker & Dunlop.
Cope said that the addition of MSF will help Walker & Dunlop grow in both Columbus and throughout Ohio.
Morris, with MSF, said that he is looking forward to working with the company.
“Walker & Dunlop has built an impressive presence throughout the Midwest,” Morris said. “The company has grown substantially over the last decade, and we’re excited to bring our capital markets expertise to the team and further contribute to the company’s strategic growth.”
MSF Real Estate Capital was founded in 1984. Collectively, the team at the company has closed more than $10 billion in transaction volume throughout their careers. The Columbus office will include a 10-person team with plans for future expansion.