ACORE Capital

ACORE Capital is a commercial real estate debt manager based in San Francisco. They originated about $40 billion in loans and had approximately $20 billion in assets under management as of December 31, 2023. ACORE originates, acquires and manages first mortgages, B-notes, mezzanine debt and preferred equity. The firm focuses on deploying capital into transitional real estate and targets a net internal rate of return of 10% to 12% and a net distribution return of 8% to 10%. They invest in property types such as residential, industrial, and commercial buildings.

The firm is led by commercial real estate finance veteran and Chief Executive Officer Warren de Haan.