Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

Maryland-based company pays undisclosed price for months-old business

New York /
Jan.January 30, 2020 08:00 AM
AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

AKS Capital Partners managing partner Aaron Appel and Walker & Dunlop CEO Willy Walker

Commercial real estate finance company Walker & Dunlop has acquired Aaron Appel’s AKS Capital Partners just a few months after the former JLL heavyweight founded it, the company announced Thursday. The price was not disclosed.

Appel and his colleagues Keith Kurland, Jonathan Schwartz and Adam Schwartz left JLL to found AKS in August, shortly after the firm officially closed on its $2 billion merger with HFF. Appel was arguably the biggest name to leave JLL in the wake of the merger, and his departure was reportedly over differences in approach and style.

His company now has 15 people, and it worked on deals last year including arranging an $807 million refinancing for the Crown Building, a $749 million refinancing for 335 Madison Avenue and $664 million in construction financing for 9 DeKalb Avenue.

“We couldn’t be happier about joining Walker & Dunlop,” Appel said in a statement, adding that his company’s expectations for growth were now “boundless.”

Walker & Dunlop is based in Bethesda, Maryland, and was the main lender last year on a $136 million refinancing of a Clipper Equity apartment complex near the George Washington Bridge.

Walker & Dunlop CEO Willy Walker said in a statement that acquiring AKS was “a game-changing addition that will propel the growth in our debt brokerage originations in 2020 and beyond.”

Write to Eddie Small at [email protected]


Related Articles

arrow_forward_ios
JLL CEO Christian Ulbrich. (Getty)
JLL explores sale of China property management wing
JLL explores sale of China property management wing
Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)
Dollar General thrives amid retail apocalypse
Dollar General thrives amid retail apocalypse
Bill Lee (Lee & Associates/YouTube)
Lee & Associates founder Bill Lee dies
Lee & Associates founder Bill Lee dies
The vacancy rate for regional and superregional malls is at an all-time high.  (Getty)
Mall vacancy rate hits all-time high
Mall vacancy rate hits all-time high
Rudin Management’s Michael Rudin and Industrious’ Justin Stewart with 32 Sixth Avenue in Tribeca (Rudin, Industrious, Google Maps)
Rudin teams up with Industrious for flex-office play
Rudin teams up with Industrious for flex-office play
Mitchell Kossoff (iStock, Kossoff, PLLC/Illustration by Kevin Rebong for The Real Deal)
Landlords seeking millions from real estate attorney who disappeared
Landlords seeking millions from real estate attorney who disappeared
Gores Group’s Alec Gores and Dean Metropoulos with Sonder CEO Francis Davidson (Getty, Linkedin)
Sonder considers going public via SPAC
Sonder considers going public via SPAC
About 17.3 percent of Manhattan office space is available for lease, the most in decades. (iStock)
Manhattan office market’s 25% drop is ominous sign for landlords
Manhattan office market’s 25% drop is ominous sign for landlords
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...