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Newly Launched CoreVest Looks to Tap Single-Family Rental Middle Market

O'Brien stressed with Globest.com that despite the infusion in capital from Fortress Funds, CoreVest will remain an independently-run company and in fact will be managed by the former senior management team at Colony.

By John Jordan | johnjordan | Updated on July 24, 2017

Beth O'Brien, CEO, CoreVest American Finance Lender, LLC Beth O’Brien, CEO, CoreVest American Finance Lender, LLC

NEW YORK CITY—In an exclusive interview with Globest.com, Beth O’Brien, CEO of newly launched CoreVest American Finance Lender, LLC, believes that with an infusion in capital by affiliates of Fortress Investment Group, the firm is on solid footing to grow its lending operations in the single-family rental sector.

Earlier this month, Fortress Funds, managed by affiliates of New York City-based Fortress Investment Group, acquired the equity and substantially all of the assets of Colony American Finance, a specialty residential REIT finance company that financed more than 20,000 properties and closed over $2.8 billion in loans since its inception in 2014. With the deal, Colony began operating as CoreVest American Finance Lender. The firm specializes in the single-family rental residential market and offers single-asset and portfolio loans on residential properties, as well as credit lines and single-asset bridge loans.

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