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**ACRE Closes Second Credit Fund with $1 Billion in Commitments**
ACRE, a private real estate fund manager specializing in U.S. housing, has successfully closed its ACRE Credit Fund II with $1 billion in capital commitments. This fully subscribed fund marks the firm’s sixth discretionary investment vehicle and its second credit-specific fund.
“The success of Credit Fund II is a strong endorsement of our firm, track record, and the opportunity set we see ahead,” said Daniel Jacobs, Managing Partner at ACRE. “We believe the current environment represents one of the most compelling backdrops for multifamily credit in over a decade, fueled by a persistent housing supply-demand imbalance, a wave of loan maturities following historic interest rate hikes, and a fundamental shift in capital treatment across global banks.”
Jacobs also noted the firm’s broader capabilities: “With over $4 billion in lending capacity, deep borrower relationships, and a history of disciplined execution across cycles, ACRE is exceptionally well-positioned to deploy capital into this dislocated market.”
ACRE has steadily built a reputation for navigating evolving market conditions, with a focus on multifamily credit opportunities that align with its long-term investment strategy.
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