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IX Orix Corporation

104.66
1.05 (1.01%)
After Hours
Last Updated: 22:30:00
Delayed by 15 minutes
Name Symbol Market Type
Orix Corporation NYSE:IX NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  1.05 1.01% 104.66 104.71 103.12 104.13 8,456 22:30:00

ORIX USA Increases Ownership of RED Capital Group to 100 Percent

02/03/2016 7:30pm

Business Wire


Orix (NYSE:IX)
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From May 2019 to May 2024

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RED Capital Group becomes wholly-owned subsidiary

Dallas-based ORIX USA Corporation (ORIX) is proud to announce that it has reaffirmed its commitment to RED Capital Group, LLC (RED) by purchasing the minority interests in RED that it did not already own. On Feb. 22, 2016, ORIX USA’s ownership of RED grew from 88% to 100%, underlying the importance of the relationship, which dates back to ORIX’s original investment in 2010.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160302006349/en/

“Increasing ORIX’s investment in RED has been a strategic objective of mine for the last few years, as I have seen firsthand the strength of the RED team and their platform,” said Hideto Nishitani, Chairman, President, and CEO of ORIX USA. “This is an attractive investment opportunity and signals ORIX’s belief in the strength of the multifamily, seniors housing and affordable housing markets.”

RED’s executive management team will remain in place and continue to operate RED as an independent entity based in Columbus, Ohio.

“I am extremely excited about ORIX furthering their commitment to our business,” said Ted Meylor, Chairman and CEO of RED. “With this investment, RED is well-positioned for strategic growth. This transaction—combined with the addition of the Freddie Mac Small Balance Loan Seller/Servicer program, as well as adding several high-performing originators to the team—has given us tremendous momentum as we look to push to the next level in our industry.”

RED Capital Group

Recognized for its industry expertise, innovative and comprehensive structures, and consistently high rankings, RED CAPITAL GROUP, LLC has provided over $72 billion of integrated debt and equity capital since 1990 to the seniors housing and health care, multifamily, affordable, and student housing industries through three operating companies.

RED Mortgage Capital, LLC is a leading Fannie Mae DUS®, MAP- and Lean-approved FHA, and Freddie Mac small balance lender with a mortgage servicing portfolio near $16 billion.

RED Capital Markets, LLC (Member FINRA / SIPC) is a leader in the distribution of Fannie Mae and Ginnie Mae Project MBS, and provides structuring, underwriting, placement, and advisory services for tax-exempt and taxable housing and health care bonds.

RED Capital Partners provides proprietary debt and equity solutions and asset management in a range of forms including subordinated gap and bridge loans.

RED Capital Group is a subsidiary of ORIX USA Corporation.

ORIX USA Corporation

ORIX USA provides innovative capital solutions that clients need to propel their business to the next level. Based in Dallas, ORIX USA has a team of more than 500 employees spanning 20 offices across the U.S. and Brazil. ORIX USA and its family of companies offer investment capital and asset management services to clients in the corporate, real estate, municipal and energy sectors, while holding $6 billion of assets and managing an additional $29 billion, approximately. Its parent company, ORIX Corporation, is a Tokyo‐based, publicly owned international financial services company with operations in 36 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit www.orix.com.

RED Capital Group, LLCLisalynne Quinn, +1-469-385-1434Director of Marketingllquinn@redcapitalgroup.comorfor ORIX USAAmanda Gleason, 972-770-5083agleason@marketwave.biz

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