ACRE, a private real estate fund manager focused on U.S. housing, announced that it has closed ACRE Credit Fund II, totaling $1 billion in capital commitments raised, reaching the hard cap. The fully subscribed fund marks ACRE’s sixth discretionary vehicle and second dedicated credit fund, underscoring robust global investor demand across pensions, insurance companies, endowments, asset managers and family offices.
“The success of Credit Fund II is a strong endorsement of our firm, track record and opportunity set we see ahead,” said Daniel Jacobs, managing partner at ACRE. “We believe the current environment represents one of the most compelling backdrops for multifamily credit in over a decade, fueled by a persistent housing supply-demand imbalance, a wall of loan maturities following historic interest rate hikes, and a fundamental shift in capital treatment across global banks. With over $4 billion in lending capacity, deep borrower relationships and a history of disciplined execution across cycles, ACRE is exceptionally well-positioned to deploy capital into this dislocated market.”
Founded to provide flexible, institutional-grade capital to the multifamily sector, ACRE has evolved into a vertically integrated owner, operator, developer and lender with over $7 billion in real estate transactions spanning 195 debt and equity investments.
The launch of ACRE Credit Fund II comes amid rising interest rates, reduced bank lending and a growing need for creative capital solutions, the company observed. At the same time, long-term housing undersupply and demographic shifts are creating durable demand for multifamily housing, making this an opportune time to deploy capital in the private credit space.
ACRE’s strength lies in its ability to move with speed, certainty and creativity. As a non-bank lender, ACRE delivers tailored, disciplined and flexible capital solutions, particularly valuable in today’s shifting macro environment. Backed by deep sector expertise, a seasoned underwriting team and access to warehouse and public securitization markets, ACRE has established itself as a differentiated credit platform. To date, the firm has successfully executed four public securitizations totaling $3 billion, including three CRE collateralized loan obligations and one Freddie Mac Q-deal (its primary third-party loan securitization platform), providing investors with non-recourse, non-mark-to-market, match-term financing.
