ACORE Prices $1.1B CRE CLO Backed by Multifamily, Industrial Loans
Commercial real estate debt manager ACORE Capital has closed ACORE 2026-FL1, a $1.1 billion managed CRE CLO backed by an initial pool of 22 loans secured primarily by multifamily and industrial properties. The transaction was sponsored by ACORE Credit Partners II REIT, Inc. and places investment-grade securities with institutional investors.
“We’re pleased to partner with such a distinguished group of investment banks and institutional investors on this transaction,” said Warren de Haan, CEO of ACORE Capital. “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.”
Wells Fargo Securities served as sole structuring agent. JPMorgan, Morgan Stanley, Goldman Sachs and Capital One acted as joint bookrunners, with Sumitomo Mitsui Banking Corporation as co-manager.
With offices in New York, Los Angeles, Miami, San Francisco and Dallas, ACORE CAPITAL originates, acquires and manages first mortgages, B-notes, mezzanine debt and preferred equity. The firm manages about $18 billion in assets.