Lancaster Pollard acquired, will join RED and Boston Financial
ORIX USA is acquiring Lancaster Pollard, the companies announced Tuesday.
Lancaster Pollard will be a separate subsidiary of ORIX alongside RED Capital Group and Boston Financial Investment Management. ORIX bought an 88% stake in RED in May 2010 and purchased the remaining 12% last year. It bought Boston Financial in July 2016.
All will operate as separate companies, with Senior Managing Director and Head of ORIX Commercial Mortgage Servicing Andrew Garvey overseeing the businesses.
“The acquisition of Lancaster Pollard is a natural extension of ORIX's successful strategy of acquiring leaders in affordable, seniors and healthcare housing finance, as evidenced by our previous acquisitions of RED Capital Group and Boston Financial Investment Management. Having these three companies under the ORIX umbrella extends our ability to improve the quality of life in our communities through investments in seniors housing and healthcare," said Hideto Nishitani, ORIX USA's chairman, president and CEO.
“There is a great deal of synergy between Lancaster Pollard, RED and Boston Financial, with all three companies focused on the vital sectors of housing and healthcare for our most in-need populations,” said Lancaster Pollard CEO Nick Gesue.