Columbus, OH (PRWEB) April 10, 2015
RED Capital Group, LLC and ORIX USA Corporation announced today that Edward (Ted) J. Meylor will be assuming the role of CEO for RED Capital Group, as Mike Moran, current CEO, transitions back to the parent company, ORIX USA.
Moran was named as Chairman and CEO of RED in 2012, two years after ORIX purchased the company, to transition the company after its founder, William E. Roberts, retired. Under Moran’s leadership, RED continued to expand its presence and reputation in the multifamily, seniors housing, and affordable housing industries.
“As part of the transition, Mike has worked tirelessly over the past three years to grow the business and build the Balance Sheet program for RED," stated Ted Meylor, Chairman of RED. “We sincerely appreciate his dedication and leadership to the company through this time.”
“With Mike’s strategic guidance, RED has not only significantly grown its balance sheet program, but the Seniors Housing portfolio as well,” stated Hideto Nishitani, Chairman, President and CEO of ORIX USA. “We are very pleased with how he has managed RED and are looking forward to having him return to ORIX USA.”
Meylor joined RED in May 2014, as Executive Chairman, working with Moran to grow the RED portfolio and foster new opportunities for the firm. He takes on the additional responsibilities that come with the CEO role with plans to further grow the RED portfolio.
“Ted was brought in to build on the ground work that Mike has started, including the continued growth in the Seniors Housing platform and key projects that are currently in the works,” stated Nishitani. “We believe that with these changes that both RED and ORIX USA are poised for future growth.”
About RED Capital Group, LLC
Recognized for its industry expertise, innovative and comprehensive structures, and consistently high rankings, RED Capital Group, LLC has provided over $57.5 billion of integrated debt and equity capital since 1990 to the seniors housing and health care, multifamily, affordable, and student housing industries through three operating companies. RED Mortgage Capital, LLC is a leading Fannie Mae DUS® and MAP- and Lean-approved FHA lender with a mortgage servicing portfolio exceeding $16.4 billion. RED Capital Markets, LLC (MEMBER FINRA/SIPC) is a leader in the distribution of Fannie Mae and Ginnie Mae Project MBS, and provides structuring, underwriting, placement, and advisory services for tax-exempt and taxable housing and health care bonds. RED Capital Partners, LLC provides proprietary debt and equity solutions, and asset management in a range of forms, including subordinated gap and bridge loans. RED Capital Group, LLC is a subsidiary of ORIX USA Corporation. For more information on RED Capital Group, LLC, visit http://www.redcapitalgroup.com.
About ORIX USA Corporation
ORIX USA provides innovative capital solutions that clients need to propel their business to the next level. Based in Dallas, ORIX USA has a team of more than 1,400 employees spanning seven primary offices across the U.S. and Brazil. ORIX USA and its family of companies offer investment capital, asset management and financial advisory services to clients in the corporate, real estate and municipal finance sectors. The company holds approximately $7 billion of assets and manages an additional $30 billion. ORIX USA’s parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 36 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit http://www.orix.com.
DUS® is a registered trademark of Fannie Mae
For more information on this release or RED Capital Group, LLC, please contact:
Director of Marketing
RED Capital Group, LLC
+1 469 385 1434