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Walker & Dunlop has agreed to acquire a controlling interest in Zelman & Associates, a housing research and investment banking firm in the US.

New York and Cleveland-based Zelman was founded in 2007 by Ivy Zelman and Dennis McGill. Zelman & Associates has 25 employees, all of whom will join Walker & Dunlop upon closing of the acquisition, which is slated to happen during the third quarter of 2021. It is subject to customary consents and regulatory approvals.

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