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NEW YORK CITY – ORIX Corporation USA, a global financial services firm and subsidiary of Japan-based ORIX Corporation, has acquired Hunt Real Estate Capital, a family-owned commercial real estate investment management firm. The definitive agreement layers Hunt Real Estate Capital on top of ORIX USA offerings, including ORIX Real Estate Capital brands, Lancaster Pollard and Red Capital Group.
The move to acquire Hunt Real Estate Capital is a part of a broader initiative to build out the ORIX USA’s multifamily lending platform to gain market share in the commercial real estate that sliver of the market, according to Nick Gesue, chief executive officer at ORIX Real Estate Capital.
Hunt Real Estate Capital and subsidiary ORIX Real Estate Capital combined will create a commercial real estate finance platform with an annual loan production over $9 billion and a servicing portfolio of more than $40 billion. The acquisition is expected to close in 2019 upon customary closing conditions and regulatory approvals. Acquisition costs were not disclosed.
Hunt’s President and Chief Investment Officer James Flynn will assume the role of chief executive officer of the combined company. ORIX USA will leverage the company to service its business in corporate, real estate and municipal finance sectors, which has over $100 billion in assets. Overall, the firm has an estimated $400 billion of assets under management. ”Our goal is to be a premier national commercial real estate lender,” Flynn said in a prepared statement.
Hunt Real Estate Capital will join Lancaster Pollard and Red Capital, comprising ORIX Real Estate Capital. The two entities are headquartered in Columbus, Oh., and are established lenders in the senior living and health care industries, as well as a leading FHA lender and loan servicer.
“As we move forward, ORIX USA’s capital and its entrepreneurial culture will enable us to be thoughtfully aggressive in meeting the needs of our customers,” Flynn said.