#United States #Salt Lake City #Fannie Mae #Zions Bancorporation #Basis Investment Group

Zions Bancorporation Expands Multifamily Services Through Acquisition

Zions Bancorporation, a prominent financial services institution based in Salt Lake City, Utah, has recently announced that it has successfully completed its acquisition of the agency lending platform previously owned by Basis Investment Group, LLC. This strategic move, which comes in light of Zions' commitment to bolster its multifamily business solutions, aims to significantly enhance the bank's offerings to multifamily property owners, developers, and operators across the United States.

Acquisition Overview

This acquisition is part of Zions’ broader strategy to strengthen its position within the multifamily housing market, particularly through participation in reputable programs such as Fannie Mae's Delegated Underwriting and Servicing (DUS®) program and Freddie Mac's Optigo® Conventional program. The purchase encompasses not only the merit of the agency lending platform but also the wealth of expertise, capabilities, and mortgage servicing rights from Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group.

Harris Simmons, the Chairman and CEO of Zions Bancorporation, stated, “This acquisition bolsters our ability to serve our customers across the multifamily housing sector and is a natural extension of our commitment to supporting the development and preservation of the full spectrum of multifamily products, including workforce and affordable housing.” This statement underscores the necessity for expanded services to meet the evolving needs within the housing industry.

A Partnership for Growth

With the new acquisition, Zions Bancorporation is poised to significantly increase its multifamily finance capabilities, an essential step as the demand for affordable housing continues to rise. Tammy K. Jones, Founder and CEO of Basis, expressed her optimism regarding the alliance. “I am excited to see the Basis Multifamily team begin their next chapter with Zions. We believe this strategic partnership will foster enhanced investment and financing opportunities in affordable and workforce housing across our fund platforms,” she mentioned, marking a positive outlook for both companies and their clients.

The transition marks a pivotal moment for both organizations, joining forces to drive forward the critical need for housing solutions that fit varied economic backgrounds. With Zions’ well-known industry reputation and Basis' expertise, the collaboration comes at a crucial time, promising growth and sustained value for all involved parties, including clients and communities.

Navigating Forward

Post-acquisition, it is expected that the incorporation of Basis’ agency lending team will allow Zions Bancorporation to innovate and expand its service range, tailoring offerings to meet the financial requirements of multifamily stakeholders effectively. The acquisition exemplifies Zions' commitment to addressing the market needs in various sectors of real estate, ensuring all multifamily projects receive the attention they require.

Zions Bancorporation and its banking segments operate across various states, managing an impressive total asset compilation valued at approximately $89 billion as of December 31, 2025. Under the management of local teams, Zions has built a strong presence in 11 states, bolstering its efficiency in public finance and advisory services.

As the industry settles into this new phase following the successful acquisition, both Zions and Basis aim to realize significant synergies, leveraging combined resources to deliver enhanced solutions. With ongoing collaboration and commitment to the housing sector, the new synergy marks an exciting prospect for multifamily financing and investment opportunities.

To learn more about Zions Bancorporation and its newly expanded service offerings in the multifamily sector, visit www.zionsbancorporation.com and explore the comprehensive strategies laid out to meet the needs of every community it serves.