Orix USA Hires for Head of Real Estate Credit

ORIX Corporation USA (ORIX USA) has hired Dean Dulchinos as managing director and head of real estate credit responsible for expanding the firm’s third party CRE credit asset management business.

Based in New York, Dulchinos will work with the firm’s real estate subsidiaries (Lument, the Real Estate Capital Group and Boston Financial) and report to Jeff Abrams, group head of private credit and real estate and member of the executive committee.

Dulchinos joins ORIX USA from AEW Capital Management, where he was head of debt portfolio management. He previously served as head of single-family rental portfolio management at the Amherst Group and worked for 17 years at Barings/MassMutual companies, most recently as head of real estate debt portfolio management and capital markets at Barings.

He was previously senior portfolio manager for CRE structured debt products at Cornerstone Real Estate Advisors and a founding member of the CRE high yield team at Babson Capital Management, both of which were Barings/MassMutual companies.

Dulchinos will collaborate with Jim Flynn, CEO of Lument, to raise and deploy capital for Lument-originated non-agency investment products. He will also work with the Real Estate Capital Group and Boston Financial to expand origination, oversee third party CRE debt portfolios, and, with ORIX USA’s investor solutions team, grow the firm’s investor base and product offerings.

“We see a compelling market opportunity in real estate private credit over the next few years driven by several factors, including significant near-term CRE debt maturities, structural shifts in the sources of credit for transitional CRE strategies, and the prospect of a moderating interest rate environment,” said Abrams.

With $85 billion in assets under management, including its subsidiaries, ORIX USA specializes in private credit, real estate, and private equity solutions for middle-market focused borrowers and investors.

Pictured: Dean Dulchinos