ORIX USA, the U.S. and Latin America business hub for Tokyo-based ORIX Corp., has agreed to acquire the commercial real estate lender, Hunt Real Estate Capital LLC, which is a subsidiary of Hunt Companies Inc. The acquisition combines the financial strength of ORIX USA and the complementary product offerings of ORIX Real Estate Capital brands — Columbus-headquartered Lancaster Pollard and Red Capital Group — with Hunt Real Estate Capital’s focus on multifamily investors.
“Hunt Real Estate Capital’s portfolio of products and its geographic footprint perfectly complement those of ORIX Real Estate Capital brands, Lancaster Pollard and Red Capital Group,” ORIX USA President and CEO Terry Suzuki said, in a statement. “Hunt Real Estate Capital’s leadership team combined with our existing teams provides the expertise required to forge these three groups into a single and cohesive full-service entity.”
The combination of Hunt Real Estate Capital and ORIX Real Estate Capital will create a commercial real estate finance platform with annual loan production in excess of $9 billion and a servicing portfolio of more than $40 billion. The acquisition is expected to close in 2019, subject to customary closing conditions and regulatory approvals.
While Lancaster Pollard and Red Capital were combined to form ORIX Real Estate Capital, they continue to originate business under their existing brands and maintain their sector focus. Lancaster Pollard is a lender to the senior living and health care industries, and Red Capital is an FHA lender and loan servicer.
A subsidiary of ORIX Corp., the Japanese-based financial services giant, ORIX USA provides a range of capital solutions for clients in the corporate, real estate and municipal finance sectors. ORIX assets exceed $100 billion, and it has approximately $400 billion of assets under management.