We are advising Basis Investment Group on the sale and related strategic partnership

Davis Polk is advising Basis Investment Group, LLC and its subsidiary Basis Multifamily Finance I, LLC (BMF) on the sale of its agency lending business to Zions Bancorporation, N.A. In connection with the acquisition by Zions, Davis Polk is also advising Basis on a strategic partnership with Zions that will expand each company’s real estate financing and capital formation efforts. The acquisition is subject to customary closing conditions and certain third-party approvals, including approvals by Fannie Mae and Freddie Mac.

BMF is an agency multifamily lending platform and a subsidiary of Basis Investment Group, a diversified commercial real estate investment management platform with more than $9 billion in debt and equity transactions closed across more than 47 states. BMF is an approved delegated underwriting and servicing lender for Fannie Mae and an Optigo lender for Freddie Mac, providing permanent financing for stabilized multifamily properties nationwide. The platform is an active lender across market cycles and maintains long-standing relationships with multifamily owners, operators and institutional sponsors.Zions is one of the nation’s premier financial services companies, with approximately $89 billion of total assets as of December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

The Davis Polk corporate team includes partner Michael Davis, counsel Malik M. Khalil and associate Elizabeth Grace Osei. Partner Adam Kaminsky is providing executive compensation advice. Partner William A. Curran is providing tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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