Fortress Technology, a Core Property Management Software Company, Receives Investment From Commercial Real Estate Leader Walker & Dunlop

Rhea-AI Summary

Fortress Technology Solutions, a Nashville-based real estate tech firm, has secured its first external investment from Walker & Dunlop, the largest capital provider in the U.S. multifamily market. This strategic partnership aims to accelerate Fortress’ mission of enhancing property management through innovative technology. By integrating its software with Walker & Dunlop’s lending solutions, Fortress will provide clients with real-time data and insights on property performance and debt management, improving operational efficiency and transparency.

Positive

• Secured first external investment from Walker & Dunlop, enhancing credibility.
• Strategic partnership aimed at providing innovative property management solutions.
• Integration of software with lending solutions will improve operational efficiency.

Negative

• None.

Fortress software revolutionizing proptech Industry, new investment will expand and accelerate those efforts

NASHVILLE, TN--(BUSINESS WIRE)-- Fortress Technology Solutions, a real estate technology firm that develops property management software for multifamily owners and operators, announced today that it has officially entered into a strategic partnership and received its first outside investment from Walker & Dunlop, the largest provider of capital to the U.S. multifamily market. The backing of Walker & Dunlop will speed Fortress’ efforts to reimagine how property management utilizes technology to enhance the performance of multifamily properties and improves transparency between owners and property operators.

Fortress’ software platform provides users with real-time performance data and insight into their multifamily properties. By teaming with Walker & Dunlop, Fortress will offer clients business intelligence through the combination of real time property performance and immediate insight into their debt portfolios and refinance opportunities in one place.

“We’re constantly looking for ways to disrupt the industry and make things smarter, better, and faster for our clients," said Kerri Davis, CEO and President of Fortress. “We’re on a mission to revolutionize the industry with innovative technology solutions created by property managers for property managers. Having the confidence and backing of an industry leader like Walker & Dunlop not only validates the course we’re on, but enables us to greatly accelerate our efforts.”

Aaron Perlis, Chief Technology Officer of Walker & Dunlop, shared, “This investment aligns with our Drive to ’25 goal of growing our presence in the small balance lending space. We’re thrilled to join forces with Kerri and her talented team to bring such an innovative, intuitive solution to our clients. By combining our core lending software solutions directly with Fortress’ platform, we can provide these owner/operators with immediate insight into their debt portfolio and refinance opportunities in one place, further accelerating growth across Walker & Dunlop’s lending businesses and growing Fortress’ client base.”

About Fortress

Fortress Technology Solutions is a real estate technology firm that is reinventing property management by providing a robust, user-friendly core property management software product that is accessible, transparent, and innovative. While existing property management platforms are outdated, lack proper support, and require a computer science degree and a deep bank account to fully understand and utilize, Fortress recovers lost time and money through in-system training, real-time data that increases awareness and drives action, and a support team with extensive property management experience. Fortress is based in Nashville, Tennessee. To learn more, visit fortresstech.net.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is the largest provider of capital to the multifamily industry in the United States and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker & Dunlop enables real estate owners and operators to bring their visions of communities — where Americans live, work, shop, and play — to life. The power of our people, premier brand, and industry-leading technology enables us to meet any client need – including financing, research, property sales, valuation, and advisory services. With over 1,000 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune’s Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211117006299/en/

Zach Hunt

(615) 321-3110

zach@tsgnashville.com

 

Source: Fortress Technology

FAQ

What is the new investment announced by Fortress Technology Solutions?

Fortress Technology Solutions has received its first external investment from Walker & Dunlop to enhance its property management software offerings.

How will the partnership with Walker & Dunlop benefit Fortress?

The partnership will accelerate Fortress' efforts to innovate property management through technology and improve data transparency for clients.

What does Walker & Dunlop aim to achieve with the investment in Fortress?

Walker & Dunlop aims to grow its presence in small balance lending and provide clients with integrated insights into property and debt management.

Where is Fortress Technology Solutions located?

Fortress Technology Solutions is based in Nashville, Tennessee.

What technology solutions does Fortress provide?

Fortress offers a robust property management software platform designed to provide real-time performance data and insights for multifamily properties.