ORIX USA Increases Ownership of RED Capital Group to 100 Percent
March 02 2016 - 2:30PM
Business Wire
RED Capital Group becomes wholly-owned
subsidiary
Dallas-based ORIX USA Corporation (ORIX) is proud to announce
that it has reaffirmed its commitment to RED Capital Group, LLC
(RED) by purchasing the minority interests in RED that it did not
already own. On Feb. 22, 2016, ORIX USA’s ownership of RED grew
from 88% to 100%, underlying the importance of the relationship,
which dates back to ORIX’s original investment in 2010.
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“Increasing ORIX’s investment in RED has been a strategic
objective of mine for the last few years, as I have seen firsthand
the strength of the RED team and their platform,” said Hideto
Nishitani, Chairman, President, and CEO of ORIX USA. “This is an
attractive investment opportunity and signals ORIX’s belief in the
strength of the multifamily, seniors housing and affordable housing
markets.”
RED’s executive management team will remain in place and
continue to operate RED as an independent entity based in Columbus,
Ohio.
“I am extremely excited about ORIX furthering their commitment
to our business,” said Ted Meylor, Chairman and CEO of RED. “With
this investment, RED is well-positioned for strategic growth. This
transaction—combined with the addition of the Freddie Mac Small
Balance Loan Seller/Servicer program, as well as adding several
high-performing originators to the team—has given us tremendous
momentum as we look to push to the next level in our industry.”
RED Capital Group
Recognized for its industry expertise, innovative and
comprehensive structures, and consistently high rankings, RED
CAPITAL GROUP, LLC has provided over $72 billion of integrated debt
and equity capital since 1990 to the seniors housing and health
care, multifamily, affordable, and student housing industries
through three operating companies.
RED Mortgage Capital, LLC is a leading Fannie Mae DUS®, MAP- and
Lean-approved FHA, and Freddie Mac small balance lender with a
mortgage servicing portfolio near $16 billion.
RED Capital Markets, LLC (Member FINRA / SIPC) is a leader in
the distribution of Fannie Mae and Ginnie Mae Project MBS, and
provides structuring, underwriting, placement, and advisory
services for tax-exempt and taxable housing and health care
bonds.
RED Capital Partners provides proprietary debt and equity
solutions and asset management in a range of forms including
subordinated gap and bridge loans.
RED Capital Group is a subsidiary of ORIX USA Corporation.
ORIX USA Corporation
ORIX USA provides innovative capital solutions that clients need
to propel their business to the next level. Based in Dallas, ORIX
USA has a team of more than 500 employees spanning 20 offices
across the U.S. and Brazil. ORIX USA and its family of companies
offer investment capital and asset management services to clients
in the corporate, real estate, municipal and energy sectors, while
holding $6 billion of assets and managing an additional $29
billion, approximately. Its parent company, ORIX Corporation, is a
Tokyo‐based, publicly owned international financial services
company with operations in 36 countries and regions worldwide. ORIX
Corporation is listed on the Tokyo (8591) and New York Stock
Exchanges (IX). For more information on ORIX USA, visit
www.orix.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160302006349/en/
RED Capital Group, LLCLisalynne Quinn,
+1-469-385-1434Director of
Marketingllquinn@redcapitalgroup.comorfor ORIX USAAmanda
Gleason, 972-770-5083agleason@marketwave.biz
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