Japan’s Orix said to buy US real estate lender Hunt Real Estate Capital

Photographer: Tomohiro Ohsumi/Bloomberg

Orix Corp. has agreed to buy U.S. commercial real estate lender Hunt Real Estate Capital, people familiar with the matter said, its latest acquisition in the field.

The Japanese finance and leasing firm is buying all Hunt Real Estate Capital shares from privately owned Hunt Companies Inc., said the people, who asked not to be identified since the deal hasn’t been announced.

New York-based Hunt Real Estate Capital provides credit to developers of multifamily housing. It underwrites and services mortgage loans that are insured or guaranteed by entities such as Fannie Mae, Freddie Mac and the Federal Housing Administration.

Tokyo-based Orix has been targeting real estate lenders that are authorized to originate and sell loans to U.S. housing agencies and government-sponsored enterprises. In 2017, it acquired Lancaster Pollard Holdings, which lends to senior living facilities. In 2010, it bought Red Capital Group, a loan provider to affordable housing.

Hunt Real Estate Capital employs about 250 people and has 25 locations in the U.S., according to its website.

Bloomberg

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.