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BREAKING NEWS: Hunt Real Estate Capital in Sale to ORIX
Hunt Companies, Inc. has agreed to sell Hunt Real Estate Capital (HREC) to Dallas-based ORIX Real Estate Capital (OREC), an affiliate of ORIX Corporation. Deal terms weren’t disclosed.
“The Hunt Real Estate Capital acquisition represents the culmination of our efforts to create a top-tier national commercial real estate lender, one with the capital, skillset and product range to more flexibly address the needs of commercial real estate investors and developers than traditional bank lenders,” said Terry Suzuki, ORIX USA president and CEO.
“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. 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.”
Under Hunt’s ownership, HREC has grown into a top-20 non-bank multifamily lender, with a full suite of Fannie Mae, Freddie Mac, FHA, bridge and mezzanine lending solutions. Headquartered in New York City and led by president and CIO James Flynn, HREC employs over 250 professionals and maintains 25 offices across the United States.
Hunt says HREC’s growth, demonstrated success and ultimate sale to ORIX is a testament to the parent company’s strategy to deploy capital into best-in-class operating businesses, real estate assets and infrastructure assets. The sale is expected to close by year’s end, and Flynn will serve as CEO of the combined entity.
Earlier this year, ORIX acquired Lancaster Pollard and merged it into its RED Capital Group subsidiary, creating OREC. Both RED and Lancaster Pollard continue originating business under their existing brands.
Pictured: James Flynn
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- ◦Financing
- ◦Sale/Acquisition
