October 5, 2016
Barings Real Estate Advisors, once known as Cornerstone Real Estate Advisors, has completed the acquisition of ACRE Capital Holdings LLC. ACRE Capital Holdings is the parent company of ACRE Capital LLC, which, in turn, is the agency lending subsidiary of Ares Capital Real Estate Corp. The $93 million transaction will also rebrand ACRE Capital as Barings Multifamily Capital, a subsidiary to Barings Real Estate Advisors.
The Charlotte, NC-based buyer was interested in the acquisition to enable direct real estate investments, as well as providing capital within the multifamily and healthcare sectors. The Barings Multifamily platform is one of only 19 lenders that hold licenses with Fannie Mae, Freddie Mac and the Federal Housing Administration.
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