STOCK TITAN

Dean Dulchinos Joins ORIX USA as Head of Real Estate Credit

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

ORIX USA has appointed Dean Dulchinos as Managing Director and Head of Real Estate Credit. With over 20 years of experience in commercial real estate (CRE), Dulchinos will focus on expanding ORIX USA's third-party CRE credit asset management business. He will serve as a Portfolio Manager, developing investment products that leverage the firm's real estate businesses, including Lument.

Dulchinos will collaborate with Jim Flynn, CEO of Lument, to raise and deploy capital for non-agency investment products. He will also work with ORIX USA's Real Estate lines of business to expand origination, oversee third-party CRE debt portfolios, and grow the firm's investor base and product offerings. The appointment aims to capitalize on market opportunities in real estate private credit, driven by factors such as significant near-term CRE debt maturities and structural shifts in credit sources for transitional CRE strategies.

ORIX USA ha nominato Dean Dulchinos come Direttore Generale e Responsabile del Credito Immobiliare. Con oltre 20 anni di esperienza nel settore immobiliare commerciale (CRE), Dulchinos si concentrerà sull'espansione dell'attività di gestione degli asset di credito CRE di terzi di ORIX USA. Ricoprirà il ruolo di Portfolio Manager, sviluppando prodotti di investimento che sfruttino le attività immobiliari dell'azienda, inclusa Lument.

Dulchinos collaborerà con Jim Flynn, CEO di Lument, per raccogliere e distribuire capitale per prodotti di investimento non agenziali. Lavorerà anche con le linee d'affari del settore immobiliare di ORIX USA per espandere l'origine, supervisionare i portafogli di debito CRE di terzi e ampliare la base di investitori e l'offerta di prodotti dell'azienda. La nomina mira a capitalizzare sulle opportunità di mercato nel credito privato immobiliare, guidata da fattori come le scadenze significative del debito CRE a breve termine e i cambiamenti strutturali nelle fonti di credito per strategie di transizione CRE.

ORIX USA ha nombrado a Dean Dulchinos como Director General y Jefe de Crédito Inmobiliario. Con más de 20 años de experiencia en bienes raíces comerciales (CRE), Dulchinos se centrará en expandir el negocio de gestión de activos de crédito CRE de terceros de ORIX USA. Se desempeñará como Gerente de Cartera, desarrollando productos de inversión que aprovechen los negocios inmobiliarios de la firma, incluida Lument.

Dulchinos colaborará con Jim Flynn, CEO de Lument, para recaudar y desplegar capital para productos de inversión no agenciales. También trabajará con las líneas de negocio inmobiliario de ORIX USA para expandir la originación, supervisar los portafolios de deuda CRE de terceros y aumentar la base de inversores y la oferta de productos de la firma. La designación tiene como objetivo capitalizar las oportunidades de mercado en crédito privado inmobiliario, impulsada por factores como los importantes vencimientos de deuda CRE a corto plazo y los cambios estructurales en las fuentes de crédito para estrategias CRE transitorias.

ORIX USADean Dulchinos를 Managing Director 및 부동산 신용 책임자로 임명했습니다. 상업용 부동산(CRE) 분야에서 20년 이상의 경험을 가진 Dulchinos는 ORIX USA의 제3자 CRE 신용 자산 관리 비즈니스 확장에 집중할 것입니다. 그는 포트폴리오 관리자로서 Lument를 포함한 회사의 부동산 비즈니스를 활용한 투자 제품을 개발할 것입니다.

Dulchinos는 Lument의 CEO인 Jim Flynn과 협력하여 비기관 투자 제품의 자본을 조달하고 배치할 예정입니다. 또한 ORIX USA의 부동산 사업 부서와 협력하여 원천을 확장하고, 제3자 CRE 부채 포트폴리오를 감독하며, 회사의 투자자 기반 및 제품 제공을 성장시킬 것입니다. 이번 임명은 가까운 시일 내에 CRE 부채 만기 및 전환 CRE 전략의 신용 원천에 대한 구조적 변화와 같은 요인에 의해 촉진되는 부동산 개인 신용 시장 기회를 활용하기 위한 것입니다.

ORIX USA a nommé Dean Dulchinos au poste de Directeur Général et Responsable du Crédit Immobilier. Fort de plus de 20 ans d'expérience dans l'immobilier commercial (CRE), Dulchinos se concentrera sur l'expansion de l'activité de gestion d'actifs de crédit CRE de tiers d'ORIX USA. Il exercera en tant que Gestionnaire de Portefeuille, développant des produits d'investissement qui tirent parti des activités immobilières de l'entreprise, y compris Lument.

Dulchinos collaborera avec Jim Flynn, PDG de Lument, pour lever et déployer des capitaux pour des produits d'investissement non-agence. Il travaillera également avec les lignes de métier immobilières d'ORIX USA pour élargir l'origine, superviser les portefeuilles de dettes CRE de tiers et accroître la base d'investisseurs et l'offre de produits de l'entreprise. La nomination vise à capitaliser sur les opportunités du marché dans le crédit immobilier privé, sous l'impulsion de facteurs tels que les échéances significatives à court terme des dettes CRE et des changements structurels dans les sources de crédit pour les stratégies CRE transitoires.

ORIX USA hat Dean Dulchinos zum Geschäftsführer und Leiter des Immobilienkredits ernannt. Mit über 20 Jahren Erfahrung im Bereich Gewerbeimmobilien (CRE) wird Dulchinos sich darauf konzentrieren, das Drittanbieter-CRE-Kreditvermögensverwaltungsunternehmen von ORIX USA auszubauen. Er wird als Portfoliomanager fungieren und Investitionsprodukte entwickeln, die die Immobiliengeschäfte des Unternehmens nutzen, darunter Lument.

Dulchinos wird mit Jim Flynn, dem CEO von Lument, zusammenarbeiten, um Kapital für nichtagenturliche Investitionsprodukte zu beschaffen und zu investieren. Zudem wird er mit den Immobilien-Geschäftsbereichen von ORIX USA zusammenarbeiten, um die Origination zu erweitern, die Drittanbieter-CRE-Schuldportfolios zu überwachen und die Anlegerbasis sowie das Produktangebot des Unternehmens auszubauen. Die Ernennung zielt darauf ab, die Marktchancen im Bereich private Immobilienkredite zu nutzen, die durch Faktoren wie bedeutende kurzfristige Fälligkeiten von CRE-Schulden und strukturelle Veränderungen bei den Kreditquellen für transitorische CRE-Strategien vorangetrieben werden.

Positive
  • Appointment of experienced professional Dean Dulchinos as Head of Real Estate Credit
  • Expansion of third-party CRE credit asset management business
  • Collaboration with Lument to develop new investment products
  • Potential growth in investor base and product offerings
  • Capitalizing on market opportunities in real estate private credit
Negative
  • None.

New Position Focused on Expanding Commercial Real Estate Credit Asset Management

NEW YORK--(BUSINESS WIRE)-- ORIX Corporation USA (ORIX USA) announced today the appointment of Dean Dulchinos as Managing Director and Head of Real Estate Credit. Mr. Dulchinos is based in New York and reports to Jeff Abrams, Group Head of Private Credit and Real Estate and Member, Executive Committee. Mr. Dulchinos has over 20 years of experience building and managing global commercial real estate (CRE) platforms, including 17 years at Barings/MassMutual companies in senior leadership positions within global CRE investing, including as Head of Real Estate Debt Portfolio Management and Capital Markets and Head of Structured Investments.

Dean Dulchinos, Managing Director and Head of Real Estate Credit, ORIX USA (Photo: Business Wire)

Dean Dulchinos, Managing Director and Head of Real Estate Credit, ORIX USA (Photo: Business Wire)

As Head of Real Estate Credit, Mr. Dulchinos will be responsible for expanding ORIX USA’s third party CRE credit asset management business. He will serve as a Portfolio Manager, developing investment products that leverage the firm’s real estate businesses including Lument, a national leader in commercial real estate finance and provider of capital solutions for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Mr. Dulchinos will collaborate with Jim Flynn, CEO of Lument, to raise and deploy capital for Lument-originated non-agency investment products, expanding the firm’s offerings for existing and prospective investors. More broadly, he will work with ORIX USA’s Real Estate lines of business including the Real Estate Capital Group and Boston Financial to expand origination, oversee third party CRE debt portfolios, and, with ORIX USA’s Investor Solutions team, grow the firm’s investor base and product offerings.

Mr. Dulchinos joins ORIX USA from global real estate investment manager AEW Capital Management, where he was Head of Debt Portfolio Management, responsible for investing and managing CRE debt in stabilized, transitional, and construction strategies. He previously served as Head of Single-Family Rental Portfolio Management at the Amherst Group and worked for a total of 17 years at Barings/MassMutual companies, most recently as Head of Real Estate Debt Portfolio Management and Capital Markets at Barings. In that role, he led new CRE debt product development and capital raising for commingled funds and separately managed accounts, and was responsible for portfolio construction, investment allocations, risk-based capital management, as well as global capital markets activity, for the CRE debt platform. He was previously Senior Portfolio Manager for CRE structured debt products at Cornerstone Real Estate Advisors and a founding member of the CRE high yield team at Babson Capital Management, both of which were Barings/MassMutual companies.

“Dean is a very strong and experienced addition to our platform and has the ideal background to expand our third party CRE credit offering, connecting our private credit asset management platform with our established real estate businesses to offer investors a set of investment strategies that ORIX USA has been investing in for years,” said Mr. Abrams. “We see a compelling market opportunity in real estate private credit over the next few years driven by several factors, including significant near-term CRE debt maturities, structural shifts in the sources of credit for transitional CRE strategies, and the prospect of a moderating interest rate environment. Dean will leverage these attractive market dynamics and the significant debt origination capacity we have in our Real Estate lines of business with the goal of delivering excellent investment outcomes for third party investors.”

“We are looking forward to partnering with Dean on this cross-business initiative to raise third party capital that will expand our capital base and our investor relationships,” added Mr. Flynn. “Having also recently expanded our real estate capital markets team and launched a conventional multifamily investment sales platform, we are well positioned to use our platform to further deliver better results and solutions for our Lument clients.”

Earlier in his career, Mr. Dulchinos was a practicing attorney, including serving as Counsel at MassMutual Life Insurance, where he represented the firm in CRE debt investments, private placements, and mergers and acquisitions. Mr. Dulchinos holds a BS in Business Administration - Finance from Western New England University and a JD from Western New England University School of Law.

About ORIX Corporation USA (ORIX USA)

Established in the U.S. in 1981, ORIX USA has grown organically and through acquisition into the investment and asset management firm we are today. With a specialization in private credit, real estate, and private equity solutions for middle-market focused borrowers and investors, we combine our robust balance sheet with funds from third-party investors, providing a strong alignment of interest. ORIX USA and its subsidiaries — ORIX Advisers, ORIX Capital Partners, Signal Peak Capital Management, Boston Financial, Lument, Real Estate Capital, and NXT Capital — have approximately 1300 employees across the U.S. and have $85 billion in assets, which include $26.3 billion of assets under management, $49.1 billion in servicing and administration assets, and approximately $10.0 billion in proprietary assets, as of June 2024. Our parent company, ORIX Corporation, is a publicly owned international financial services company with operations in 30 countries and regions worldwide. ORIX Corporation is listed on the Tokyo Stock Exchange (8591) and New York Stock Exchange (IX). For more information, visit orix.com.

About Lument

Lument, a subsidiary of ORIX USA, is a national leader in commercial real estate finance and delivers a comprehensive set of capital solutions and services customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument offers Fannie Mae, Freddie Mac, FHA, USDA, and balance sheet financing, as well as a full suite of capital market lending products. In addition, Lument provides a suite of real estate advisory solutions including real estate investment sales, investment banking, and investment management solutions. The company has approximately 600 employees in over 30 offices across the United States.

Securities, investment banking, and advisory services are provided through Lument Securities, LLC, member FINRA/SIPC. Lument Investment Management, LLC, is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit https://www.lument.com/.

ORIX USA Media Contact

Rohini Pragasam

rohini.pragasam@orix.com

Prosek Partners

Kayla Heislein

kheislein@prosek.com

Source: ORIX Corporation USA

FAQ

Who is Dean Dulchinos and what is his new role at ORIX USA?

Dean Dulchinos has been appointed as Managing Director and Head of Real Estate Credit at ORIX USA. He will be responsible for expanding ORIX USA's third-party commercial real estate credit asset management business.

What experience does Dean Dulchinos bring to his new position at ORIX USA?

Dean Dulchinos brings over 20 years of experience in building and managing global commercial real estate platforms, including 17 years at Barings/MassMutual companies in senior leadership positions within global CRE investing.

How will Dean Dulchinos collaborate with Lument in his new role at ORIX USA?

Dean Dulchinos will collaborate with Jim Flynn, CEO of Lument, to raise and deploy capital for Lument-originated non-agency investment products, expanding the firm's offerings for existing and prospective investors.

What market opportunities does ORIX USA see in real estate private credit?

ORIX USA sees compelling market opportunities in real estate private credit driven by factors such as significant near-term CRE debt maturities, structural shifts in credit sources for transitional CRE strategies, and the prospect of a moderating interest rate environment.

ORIX Corporation

NYSE:IX

IX Rankings

IX Latest News

IX Stock Data

24.66B
227.96M
2.05%
0.05%
Financial Conglomerates
Financial Services
Link
United States of America
Tokyo