Accelerate Infrastructure Opportunities Raises $780 Million — $630 Million from CBRE Investment Management and $150 Million from Separate Inaugural Asset-Backed Securitization
Accelerate Infrastructure Opportunities has secured a $780 million capital raise, consisting of a $630 million equity commitment from CBRE Investment Management and a $150 million asset-backed securitization. The company, which invests in real estate under digital, renewable, and transportation infrastructure, has acquired interests in more than 200 properties across 38 states since partnering with CBRE IM in December 2022. The inaugural securitization received an investment-grade rating A (low) from Morningstar DBRS and was oversubscribed by multiple investors.
Accelerare le Opportunità Infrastrutturali ha ottenuto un aumento di capitale di 780 milioni di dollari, costituito da un impegno azionario di 630 milioni di dollari da parte di CBRE Investment Management e da una cartolarizzazione supportata da beni di 150 milioni di dollari. L'azienda, che investe in immobili nel settore delle infrastrutture digitali, rinnovabili e dei trasporti, ha acquisito interessi in oltre 200 proprietà in 38 stati da quando ha avviato una collaborazione con CBRE IM nel dicembre 2022. La prima cartolarizzazione ha ricevuto un rating di investimento di grado A (basso) da Morningstar DBRS ed è stata sovrascritta da più investitori.
Acelerar Oportunidades de Infraestructura ha asegurado una recaudación de capital de 780 millones de dólares, consistiendo en un compromiso de capital de 630 millones de dólares por parte de CBRE Investment Management y una titulización respaldada por activos de 150 millones de dólares. La empresa, que invierte en bienes raíces en infraestructuras digitales, renovables y de transporte, ha adquirido participaciones en más de 200 propiedades en 38 estados desde que se asoció con CBRE IM en diciembre de 2022. La titulización inaugural recibió una calificación de grado de inversión A (bajo) de Morningstar DBRS y fue sobre suscrita por múltiples inversionistas.
인프라 기회 가속화는 CBRE 투자 관리의 6억 3천만 달러의 지분 투자와 1억 5천만 달러의 자산 담보 증권으로 구성된 7억 8천만 달러의 자본 조달을 확보했습니다. 이 회사는 디지털, 재생 가능 및 운송 인프라에 대한 부동산에 투자하며, 2022년 12월 CBRE IM과의 파트너십 이후 38개 주에서 200개 이상의 부동산에 대한 지분을 확보했습니다. 첫 번째 증권화는 Morningstar DBRS로부터 투자 등급 A(하위)를 받았으며 다수의 투자자들에 의해 과도하게 청약되었습니다.
Accélérer les Opportunités d'Infrastructure a sécurisé une levée de fonds de 780 millions de dollars, composée d'un engagement en capital de 630 millions de dollars par CBRE Investment Management et d'une titrisation adossée à des actifs de 150 millions de dollars. L'entreprise, qui investit dans l'immobilier dans les infrastructures numériques, renouvelables et de transport, a acquis des intérêts dans plus de 200 propriétés dans 38 États depuis son partenariat avec CBRE IM en décembre 2022. La première titrisation a reçu une notation investment-grade A (faible) de Morningstar DBRS et a été sursouscrite par plusieurs investisseurs.
Infrastruktur-Chancen beschleunigen hat eine Kapitalerhöhung von 780 Millionen Dollar gesichert, bestehend aus einem Eigenkapitalengagement von 630 Millionen Dollar von CBRE Investment Management und einer durch Vermögenswerte unterstützten Verbriefung von 150 Millionen Dollar. Das Unternehmen, das in Immobilien im Bereich digitale, erneuerbare und Verkehrsinfrastruktur investiert, hat seit Beginn der Partnerschaft mit CBRE IM im Dezember 2022 Interessen an mehr als 200 Immobilien in 38 Bundesstaaten erworben. Die erste Verbriefung erhielt ein Investment-Grad-Rating A (niedrig) von Morningstar DBRS und war von mehreren Investoren überzeichnet.
- Secured substantial $780M capital raise
- Portfolio expansion to 200+ properties across 38 states
- Successful inaugural securitization with investment-grade rating A (low)
- Oversubscribed securitization indicating strong investor interest
- Increased equity commitment from CBRE IM to $630M
- None.
Insights
This
The rapid expansion to over 200 properties across 38 states since December 2022 demonstrates strong execution capabilities. The successful oversubscription of the ABS offering opens new financing channels, potentially lowering their cost of capital for future acquisitions. This strategic capital raise positions Accelerate to capitalize on the growing infrastructure real estate market while providing CBRE with expanded exposure to stable, long-term cash flows from critical infrastructure assets.
The infrastructure real estate strategy represents an innovative approach to capturing value from the digital transformation and renewable energy transition. The portfolio's diversification across digital, renewable and transportation sectors provides multiple growth vectors while reducing sector-specific risks. The structured investment approach, combining traditional equity with securitization, creates a scalable model for future expansion.
The oversubscribed ABS issuance, being first of its kind in this niche, sets a precedent for similar future transactions in the infrastructure real estate sector. This could lead to increased institutional interest in this asset class, potentially benefiting both CBRE and Accelerate through higher valuations and improved access to capital markets.
Proceeds to Support Growth of Accelerate’s Leading Real Estate Under Critical Infrastructure Acquisition Strategy
Accelerate invests in real estate under digital, renewable, and transportation infrastructure that powers a connected, sustainable, and on-time economy. (Photo: Business Wire)
Accelerate acquires and manages real estate under critical infrastructure in digital, renewable and transportation sectors and aggregates these assets into a managed portfolio that generates long-term, sustainable cash flow.
Equity Investment Upsizing
CBRE IM, on behalf of its funds and co-investors, has increased its existing investment in Accelerate to a total capital commitment of
“We are grateful to CBRE IM and its partners for their investments that allow us to continue to execute and scale our leading infrastructure real estate strategy,” said Brennan Potts, founder and CEO of Accelerate. “All our investors recognize the significant need for investment in infrastructure real estate to support the build out of a connected and sustainable economy. Accelerate is here to help meet that need.”
Accelerate and CBRE IM joined forces to launch the infrastructure site acquisition strategy in December of 2022. Since that time, Accelerate has acquired interests in more than 200 properties in 38 states under digital, renewable, and transportation infrastructure assets.
“Combining Accelerate’s high-performing, value-based team with the expertise and breadth of the CBRE platform has allowed Accelerate to quickly win market share across multiple infrastructure sectors and cement its leadership position,” said Rob Shaw, Managing Director at CBRE IM. “Accelerate’s proven track record, creative structuring and long-term partnership focus positions Accelerate to be the partner of choice to help landowners, brokers and infrastructure companies realize the full value of the land underneath critical infrastructure assets.”
Inaugural Securitization
Accelerate issued a
“We are proud of the quality of our inaugural ABS issuance, which signals a strong endorsement of our strategy and the value and stability of our high-quality, diversified portfolio,” said Brandon O’Gara, president and CFO of Accelerate. “We believe that establishing Accelerate in the ABS market opens the door to future financing opportunities and allows Accelerate to provide a competitive cost of capital to our customers.”
Accelerate engaged TD Bank as the sole structuring agent and joint book runner, Cantor Fitzgerald as joint book runner and Katten Muchin Rosenman LLP as legal counsel for the asset-backed securitization. Legal counsel for the underwriter was provided by King & Spalding LLP.
About Accelerate Infrastructure Opportunities
Accelerate Infrastructure Opportunities acquires, owns, and manages real estate under critical infrastructure sites that generate long-term, sustainable cash flow. Since launching its infrastructure strategy in 2022, Accelerate Infrastructure Opportunities has acquired more than 200 sites across 38 states. With offices near
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029189842/en/
Lindsay Burke
VP, Marketing & Communications
Phone: 877-440-2001
Email: lburke@accelerate-llc.com
Source: Accelerate Infrastructure Opportunities
FAQ
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