Masters of Moments #18: Warren de Haan - Managing Partner & Co-CEO at ACORE Capital
Warren de Haan is a founder, Managing Partner and Co-Chief Executive Officer at ACORE Capital, LP, one of the largest credit managers focused on commercial real estate lending, with approximately $20 billion of assets under management. For the past 3 years, ACORE Capital has ranked in the top 20 of The Real Estate Debt 50, PERE's ranking of the world's largest real estate debt fund managers.
Through their offices in New York, Los Angeles, Miami, San Francisco, and Dallas, ACORE originates, acquires and manages first mortgages, B-notes, mezzanine debt and preferred equity throughout the United States. Since inception in 2015, ACORE has closed over $35 billion in more than 453 transactions.
On this episode, Jake and Warren discuss:
- Migration patterns influencing investments
- Building ACORE and their growth strategies
- How the lending environment will change in the future
Links:
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Timestamps:
(00:02:08) Warren’s move to Miami
(00:06:21) Migration pattern influencing investments
(00:09:00) Navigating Work From Home
(00:12:10) Warren’s background, early career, and thoughts on today’s market
(00:22:22) The regional banking crisis
(00:27:43) Loan extension challenges
(00:34:41) Why didn’t you end up in Hospitality?
(00:38:19) The thesis for starting Acore
(00:49:35) Challenges in scaling the org
(01:02:22) Capital Deployment strategies
(01:04:59) How Acore makes money
(01:09:58) Opportunities for Sponsors to work with Acor
(01:15:40) How lending will evolve over the next 5 years
(01:17:15) What assets are you staying away from?
(01:20:17) What is your favorite hotel?