Walter, Green Tree deal closes

Walter Investment Management Corp.'s acquisition of GTCS Holdings LLC, or "Green Tree," closed today. The deal will change Walter Investment from a real estate investment trust, or REIT, into a business services company that relies on for-service fees as its revenue base. For more information, see below for the original item.

From Mar. 28:

TAMPA — Walter Investment Management Corp. (symbol: WAC) is set to acquire GTCS Holdings LLC — also known as Green Tree — in a transaction valued at $1.065 billion, the company said in a release.