Commercial/Multifamily Briefs

Walker & Dunlop, GeoPhy Launch Appraisal Company

Walker & Dunlop and GeoPhy launched Apprise, a new firm that will leverage technology and data science to improve the consistency, transparency and speed of multifamily appraisals.

In the U.S. multifamily sector, more than $2.9 trillion of assets depend on valuation expertise for every transaction. But currently appraisal reports can take up to three weeks to deliver and may include data inconsistencies, resulting in a valuation that can vary from appraiser to appraiser.

Apprise aims to eliminate the multifamily valuation industry’s manual processes. It will employ machine learning to provide a more objective, consistent and transparent FIRREA-compliant multifamily appraisal delivered in as little as five days.

Focused exclusively on the U.S. market, Apprise currently covers more than 30 states and targets nationwide coverage by this summer.

Guggenheim Partners Consolidates Real Estate Divisions

Guggenheim Partners, Santa Monica, Calif., consolidated its real estate divisions, Guggenheim Commercial Real Estate Finance and Guggenheim Investments Structured Real Estate, under Guggenheim Investments.

The combined unit, now branded Guggenheim Real Estate, is a national commercial real estate lending business that sources, underwrites, closes and services commercial mortgage loans throughout the U.S.

Guggenheim Real Estate will make both debt and structured equity investments and will comprise three teams: an investments team focused on sourcing and underwriting investments, a portfolio team focused on asset management, servicing and portfolio strategy and a credit team focused on underwriting, credit policies and procedures.

As part of the consolidation, all current Guggenheim Commercial Real Estate Finance employees will be transferred to Guggenheim Investments.