CHARLOTTE, NC—Barings Real Estate Advisers, formerly known as Cornerstone Real Estate Advisers, said Monday it had completed its acquisition of ACRE Capital Holdings LLC from Ares Commercial Real Estate Corp. The $93-million sale was first announced this past June, and the ACRE Capital platform is being renamed Barings Multifamily Capital.

“The sale of our mortgage banking subsidiary at an attractive price is an important step in repositioning our capital towards expanding our principal lending capabilities and generating a higher, more recurring earnings stream,” says Robert L. Rosen, chairman and interim co-CEO of Ares Commercial Real Estate Corp., based in New York City. “We thank the employees of ACRE Capital for their dedication and are pleased they are joining a high quality organization in Barings Real Estate Advisers.”

At Barings, Scott Brown, global head of real estate, says the acquisition expands Barings Real Estate's reach into multifamily and healthcare lending, positioning the company “to allocate capital up and down the capital stack and grow the coverage and expertise in an important property sector for Barings Real Estate Advisers.” It's reportedly one of only 19 lenders that hold licenses with Fannie Mae, Freddie Mac and the Federal Housing Administration. Brown says the acquisition of what is now known as Barings Multifamily Capital represents “a demonstration of Barings' ability to source not only direct real estate investments but also attractive real estate operating company investments for our clients.”

Barings Multifamily Capital will report into Jamie Henderson, head of structured real estate investments at Barings Real Estate Advisers. “Barings has a bullish stance regarding the real estate fundamentals of both the multifamily and healthcare sectors due to a variety of structural and demographic factors,” says Henderson. “The addition of Barings Multifamily Capital broadens our reach into these important sectors.”

Headquartered in Charlotte, NC, Barings represents the unification of four Massachusetts Mutual Life Insurance Co. institutional affiliates: Babson Capital Management LLC, its subsidiaries Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC and Baring Asset Management Ltd. Originally announced in March, the integration was completed last month. Barings has $275 billion in assets under management globally.

More than 300 of the industry's leading national investors, REITs, banks, private equity firms, asset management firms and other institutions will join us as we explore the market conditions behind the trends at this year's RealShare National Investment & Finance, scheduled for Oct. 5 and 6 at the Roosevelt Hotel in New York City. Learn more.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

CHARLOTTE, NC—Barings Real Estate Advisers, formerly known as Cornerstone Real Estate Advisers, said Monday it had completed its acquisition of ACRE Capital Holdings LLC from Ares Commercial Real Estate Corp. The $93-million sale was first announced this past June, and the ACRE Capital platform is being renamed Barings Multifamily Capital.

“The sale of our mortgage banking subsidiary at an attractive price is an important step in repositioning our capital towards expanding our principal lending capabilities and generating a higher, more recurring earnings stream,” says Robert L. Rosen, chairman and interim co-CEO of Ares Commercial Real Estate Corp., based in New York City. “We thank the employees of ACRE Capital for their dedication and are pleased they are joining a high quality organization in Barings Real Estate Advisers.”

At Barings, Scott Brown, global head of real estate, says the acquisition expands Barings Real Estate's reach into multifamily and healthcare lending, positioning the company “to allocate capital up and down the capital stack and grow the coverage and expertise in an important property sector for Barings Real Estate Advisers.” It's reportedly one of only 19 lenders that hold licenses with Fannie Mae, Freddie Mac and the Federal Housing Administration. Brown says the acquisition of what is now known as Barings Multifamily Capital represents “a demonstration of Barings' ability to source not only direct real estate investments but also attractive real estate operating company investments for our clients.”

Barings Multifamily Capital will report into Jamie Henderson, head of structured real estate investments at Barings Real Estate Advisers. “Barings has a bullish stance regarding the real estate fundamentals of both the multifamily and healthcare sectors due to a variety of structural and demographic factors,” says Henderson. “The addition of Barings Multifamily Capital broadens our reach into these important sectors.”

Headquartered in Charlotte, NC, Barings represents the unification of four Massachusetts Mutual Life Insurance Co. institutional affiliates: Babson Capital Management LLC, its subsidiaries Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC and Baring Asset Management Ltd. Originally announced in March, the integration was completed last month. Barings has $275 billion in assets under management globally.

More than 300 of the industry's leading national investors, REITs, banks, private equity firms, asset management firms and other institutions will join us as we explore the market conditions behind the trends at this year's RealShare National Investment & Finance, scheduled for Oct. 5 and 6 at the Roosevelt Hotel in New York City. Learn more.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.