Zions Bancorporation Expands Real Estate Financing Through Acquisition of Basis Investment Group

Zions Bancorporation Expands Its Reach in Real Estate Financing

Zions Bancorporation, N.A. (NASDAQ: ZION), a leading financial services institution in the U.S., has made a significant move in the real estate financing sector. The company has entered into a definitive agreement to acquire the agency lending division of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group. This acquisition not only marks a strategic advancement for Zions but also strengthens the company's commitment to enhancing real estate financing solutions for its clients.

Details of the Acquisition

The acquisition includes Basis Multifamily’s experienced team, comprehensive access to agency lending programs, and all related mortgage servicing rights. The collaboration is framed as a strategic partnership aimed at bolstering both Zions and Basis in their efforts to provide innovative financing solutions and increase capital formation capabilities in a rapidly evolving market.

Harris Simmons, the Chairman and CEO of Zions Bancorporation, emphasized that the acquisition aligns with the company’s growth strategy. “The acquisition of Basis' agency lending business will strategically expand our capabilities to meet the needs of our commercial real estate customers. This is a natural, customer-driven evolution of our capital markets strategy, which continues to be a meaningful growth engine for the company,” he remarked. Simmons underscored the importance of supporting economic development in high-growth Western markets, particularly in addressing the demand for affordable multifamily housing.

Tammy K. Jones, CEO and Founder of Basis, expressed her enthusiasm for the partnership: “This transaction is a great result for all stakeholders, enabling the agency platform to scale while driving financing and investment activity across Basis' diversified Funds platform.” Jones highlighted the shared commitment to workforce and affordable housing as a strong foundation for long-term success.

Strategic Implications

Through this acquisition, Zions will significantly broaden its product offerings, enabling the bank to participate in vital lending programs, such as the Fannie Mae DUS® program and the Freddie Mac Optigo® Conventional and Small Balance Loan programs. This expansion is poised to provide Zions with a competitive edge, particularly in the current market landscape that demands innovative financing solutions in the real estate sector.

The acquisition remains contingent on standard closing conditions and requisite third-party approvals, including the anticipated endorsements from Fannie Mae and Freddie Mac—a critical step for any agency lending-related transactions.

About Zions Bancorporation

With approximately $89 billion in total assets as of December 31, 2025, Zions Bancorporation operates a significant footprint across eleven western states, including Arizona, California, and Texas. It distinguishes itself as a premier financial institution with a resolve to deliver localized service alongside robust financial solutions. Known for its competitive positioning in the small- to middle-market banking sectors, Zions remains dedicated to advancing public finance advisory services and Small Business Administration lending.

About Basis Multifamily Finance

Basis Multifamily Finance I, LLC, an established multifamily lending platform, operates under Basis Investment Group. The firm has closed more than $9 billion in debt and equity transactions across over 47 states. It functions not only as a lender for stabilized multifamily properties but also holds significant standing as an approved DUS® lender for Fannie Mae and an Optigo® lender for Freddie Mac. The company prides itself on sustaining long-term relationships with multifamily owners, operators, and institutional sponsors throughout varying market cycles.

In summary, Zions Bancorporation's acquisition of Basis Multifamily Finance represents a pivotal step towards enhancing its real estate financing capabilities, setting the stage for significant growth and development within the sector. Stakeholders are eager to see how this partnership will unfold and the implications it holds for the future of affordable housing and economic development in the West.