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Deals & Dealmakers Mergers and Acquisitions

Japanese giant acquires Hunt, grows multifamily banking business

ORIX Corporation USA, the U.S. and Latin America business hub for Tokyo-based ORIX Corporation (ORIX), has signed an agreement to acquire Hunt Real Estate Capital, a subsidiary of Hunt Companies.

TERRY SUZUKI

The acquisition combines the financial strength of ORIX USA and the product offerings of ORIX Real Estate Capital brands, Lancaster Pollard and Red Capital Group, with Hunt Real Estate Capital’s strong presence in the multifamily industry.

“This is very exciting for all of us at ORIX Real Estate Capital, as the combined companies give us one of the most well-rounded multifamily platforms in our segment of the market,” said Terry Suzuki, ORIX USA President and CEO.

“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.”

New York-based Hunt Real Estate Capital has earned a reputation for providing tailored financing solutions to multifamily investors across the country through its nationwide network of 25 offices.

The commercial real estate lender offers the full range of Fannie Mae, Freddie Mac, and FHA financing, as well as proprietary bridge, term, and subordinated products.

Upon closing, 15-year industry veteran James P. Flynn, Hunt Real Estate Capital’s president and CIO, will be the CEO of the combined entity.

The new company will benefit from the resources that ORIX USA brings to the transaction. A subsidiary of ORIX Corporation, the Japanese-based financial services giant, ORIX USA providecapital solutions for clients in the corporate, real estate, and municipal finance sectors.

ORIX Corporation assets exceed $100 billion, and it has approximately $400 billion of assets under management.

“The financial backing from ORIX USA is a powerful differentiator for us,” Flynn said. “It means that we will be able to offer commercial real estate investors direct capital products to more fully address their needs as they grow and evolve.”

While Lancaster Pollard and Red Capital were combined to form ORIX Real Estate Capital, they have continued to originate business under their existing brands and maintain their sector focus.

Lancaster Pollard is one of the foremost lenders to the senior living and healthcare industries, and Red Capital is the nation’s leading FHA lender and loan servicer. Both are headquartered in Columbus, Ohio.

The acquisition is expected to close in 2019, subject to customary closing conditions and regulatory approvals.

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