CW was founded in 1972 in Needham, MA as a regional, multifamily lender and primary servicer. Implementing a national lending strategy, CW expanded its platform in 1991. Over time, CW grew to provide financing for a broader mix of property types and to offer a full range of products and services, including securitization and balance sheet lending programs.
In 2002, with a goal to dramatically grow and diversify business operations, CW management partnered with the Caisse de dépôt et placement du Québec (the Caisse), who acquired a majority interest in CW. This partnership enabled the emergence of a full-service real estate lender and investment manager focused on high-yielding U.S. commercial real estate debt, investments, and analysis through the creation of its investment management platform, CWCapital Investments, in 2003; its special servicing platform, CWCapital Asset Management, in 2005; and its research and consulting services platform, CW Real Estate Solutions, in 2008.
On September 1, 2010, after a lengthy search for a new strategic partner, it was announced that affiliates of certain Fortress Investment Group LLC (NYSE:FIG) managed funds had acquired CW. The acquisition has allowed CW to continue to expand its business and be opportunistic as the real estate markets evolve.
In January of 2012, continuing with expansion and diversification plans, CompassRock Real Estate LLC, a premier property management firm, was launched.
In September of 2012, CW sold its agency lending and primary servicing platform, CWCapital, to Walker & Dunlop and now operates through three subsidiaries: CWCapital Investments, CWCapital Asset Management and CompassRock Real Estate.