ORIX Corporation USA (ORIX USA) announced that it has completed the acquisition of Hunt Real Estate Capital, a subsidiary of Hunt Cos.
ORIX USA plans to combine Hunt Real Estate Capital with two of its ORIX Real Estate Capital brands, Lancaster Pollard and RED Capital Group, to form a full-service entity with the goal of emerging as a top-tier national commercial real estate lender.
“The combined organization will possess the capital, national presence, servicing capability, and range of debt and investment solutions to address the needs of the entire commercial real estate community more flexibly than traditional banks and other lenders,” said Terry Suzuki, ORIX USA president and CEO, in a statement.
The newly created company will be led by James P. Flynn, Hunt Real Estate Capital’s president and chief investment officer. Together, the annual transaction production for Hunt Real Estate Capital and ORIX Real Estate Capital exceeded $9 billion in 2019 with a combined servicing portfolio of more than $40 billion, according to company officials.
The acquisition was originally announced in November.
“This is an exciting opportunity to create a premier commercial real estate finance platform with a national reach,” Flynn said. “The combined company will benefit from our complementary talents and expertise, our shared culture of high-quality service, and our extensive base of loyal clients.”