ACORE CAPITAL announced the closing of ACORE 2026-FL1, a $1.1 billion managed commercial real estate collateralized loan obligation, marking a significant financing transaction for the firm.
The CRE CLO’s initial collateral pool consists of 22 loans secured primarily by multifamily and industrial properties. The sponsor of the transaction is ACORE Credit Partners II REIT, Inc.
The offered investment-grade securities were placed with institutional investors. Wells Fargo Securities, LLC acted as sole structuring agent. JPMorgan, Morgan Stanley, Goldman Sachs, and Capital One served as joint bookrunners, and Sumitomo Mitsui Banking Corporation acted as co-manager.
ACORE CAPITAL is one of the leading U.S. commercial real estate investment managers with approximately $18 billion of assets under management. The firm originates, acquires and manages first mortgages, B-notes, mezzanine debt and preferred equity, operating from offices in New York, Los Angeles, Miami, San Francisco and Dallas. The company said its long-standing industry relationships and access to a consistent pipeline of origination opportunities have supported its growth and financing strategy.
The company noted that the transaction provides an additional source of attractive leverage, furthering its goal of a diversified financing strategy and delivering favorable term financing.
KEY QUOTES
“We’re pleased to partner with such a distinguished group of investment banks and institutional investors on this transaction. The successful execution of this CRE CLO demonstrates positive views of our firm, loan portfolio and our disciplined approach to CRE lending. This transaction provides ACORE CAPITAL with an additional source of attractive leverage, furthering our goal of a diversified financing strategy, and delivers favorable term financing.”
Warren de Haan, CEO of ACORE CAPITAL
