Acore Capital has announced the close of Acore 2026-FL1, a managed commercial real estate collateralised loan obligation (CLO), at $1.1bn (£820m).
The CLO’s initial collateral pool consists of 22 loans secured primarily by multifamily and industrial properties, and the sponsor of the transaction is Acore Credit Partners II REIT.
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The investment-grade securities have been placed with institutional investors. Wells Fargo Securities, LLC acted as sole structuring agent, with JPMorgan, Morgan Stanley, Goldman Sachs, and Capital One serving as joint bookrunners, and Sumitomo Mitsui Banking Corporation acting as co-manager.
“We’re pleased to partner with such a distinguished group of investment banks and institutional investors on this transaction,” said Warren de Haan, chief executive of Acore.
“The successful execution of this CRE CLO demonstrates positive views of our firm, loan portfolio and our disciplined approach to commercial real estate lending. This transaction provides Acore Capital with an additional source of attractive leverage, furthering our goal of a diversified financing strategy, and delivers favourable term financing.”
