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Barings Real Estate Advisers Closes Acquisition of Acre Capital Holdings in USD 93m Deal.


12 October 2016 - US-based investment manager Barings Real Estate Advisers has completed its acquisition of Acre Capital Holdings LLC and Acre Capital LLC, the agency lending subsidiary of Ares Commercial Real Estate Corp. (NYSE: ACRE), the company said.

The Acre Capital platform will be renamed as Barings Multifamily Capital and will be a subsidiary to Barings Real Estate Advisers.

The transaction, valued at USD 93m, was previously announced on 29 June 2016.

Barings Multifamily Capital originates and services multifamily, senior housing and healthcare facility loans by utilising programmes overseen by governmental agencies and government-sponsored entities.

The platform, which is complementary to the Barings Real Estate Advisers other origination and investment organisations, is one of only 19 lenders that hold licenses with Fannie Mae, Freddie Mac and the Federal Housing Administration.

Barings Multifamily Capital will report into Jamie Henderson, head of structured real estate investments at Barings Real Estate Advisers.

Barings is a USD 275+bn global asset management firm.

Ares Commercial Real Estate is a specialty finance company primarily engaged in originating and investing in commercial real estate loans and related investments.

Country: USA

Sector: Banking/Financial Services

Target: Acre Capital Holdings LLC and Acre Capital LLC

Buyer: Barings Real Estate Advisers

Vendor: Ares Commercial Real Estate

Deal size in USD: 93m

Type: Corporate Acquisition

Financing: Cash

Status: Agreed

Buyer advisor: , ,


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Publication:M & A Navigator
Date:Oct 12, 2016
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