Red Capital Sold to Investment Group Led by ORIX

An investment group led by Dallas, Texas based ORIX USA Corporation and including Stonehenge Partners of Columbus, Ohio, has acquired Red Capital Group from PNC Bank, N.A. Terms of the transaction were not disclosed.  Red Capital Group, which provides financing for multifamily, senior living and health care projects through various FHA and Fannie Mae programs, will become a subsidiary of ORIX USA Corporation but will continue to operate under the Red name from its current office locations.

Jim Thompson, CEO of ORIX USA, said, "We are fortunate to be able to add Red’s experience in multifamily, senior and health care finance to ORIX Capital Markets’ commercial real estate capabilities. FHA and Fannie Mae will continue to be important components of the nation’s housing finance programs; the Red acquisition enables ORIX to deploy its capital into those important markets."

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William Roberts has been named CEO of Red Capital Group. Mr. Roberts founded Red and served as its CEO from 1995 to 2007.

"The opportunity to co-invest with Stonehenge Partners in the transaction was especially meaningful as ORIX Capital Markets was at one time a joint venture involving many of the principals of Stonehenge and Banc One," Mr. Thompson added.

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