(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

BETHESDA, MD-In a deal that tips the scales at $234 million, locally based Walker & Dunlop has closed on its purchase of CWCapital. CWC was wholly owned by funds managed by affiliates of Fortress Investment Group. The price of the deal, which GlobeSt.com reported on in June, is comprised of $80 million in cash and the issuance of 11.6 million shares of common stock to an affiliate of Fortress worth $154 million, based on Walker’s August 31 closing share price. An affiliate of Fortress is now Walker & Dunlop’s largest shareholder and will take two seats on the board.

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