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ORIX USA Acquires RED CAPITAL GROUP

DALLAS, May 10, 2010 (BUSINESS WIRE) -- An investment group led by Dallas, Texas based ORIX USA Corporation and including Stonehenge Partners of Columbus, Ohio, has acquired RED CAPITAL GROUP (www.redcapitalgroup.com) from PNC Bank, N.A. Terms of the transaction were not disclosed.

RED CAPITAL GROUP provides financing for multifamily, senior living and health care projects through various FHA and Fannie Mae programs. RED CAPITAL GROUP includes a registered broker-dealer that provides underwriting and syndication of multifamily housing bonds and the related tax credits. The company employs more than 200 people and is headquartered in Columbus, Ohio, with origination offices nationwide including San Diego, Newport Beach, Chicago, Dallas, Boston, Charlotte, Nashville and Reston, Virginia.

Although a subsidiary of ORIX USA Corporation, RED CAPITAL GROUP will continue to operate under the RED name from its present offices.

Jim Thompson, CEO of ORIX USA, said, "We are fortunate to be able to add RED's experience in multifamily, senior and health care finance to ORIX Capital Markets' commercial real estate capabilities. FHA and Fannie Mae will continue to be important components of the nation's housing finance programs; the RED acquisition enables ORIX to deploy its capital into those important markets." William Roberts has been named CEO of RED CAPITAL GROUP. Mr. Roberts founded RED and served as its CEO from 1995 to 2007.

"The opportunity to co-invest with Stonehenge Partners in the transaction was especially meaningful as ORIX Capital Markets was at one time a joint venture involving many of the principals of Stonehenge and Banc One," Mr. Thompson added.

About ORIX USA ORIX USA Corporation is the U.S. subsidiary of ORIX Corporation, a publicly owned Tokyo-based international financial services company established in 1964.

ORIX Corporation is listing on the Tokyo (8591) and New York (NYSE:IX) stock exchanges.

About RED CAPITAL GROUP RED CAPITAL GROUP provides taxable and tax-exempt first mortgage debt, mezzanine level capital and equity to multifamily, seniors housing, health care and other real estate properties nationwide. Red Mortgage Capital, LLC is a Fannie Mae DUS(R) lender. Since its formation in 1990 as a subsidiary of Banc One Corporation, RED CAPITAL GROUP has originated more than $46 billion of taxable and tax exempt financing for projects in its specialty segments. Currently, the company services approximately $12.5 billion of commercial mortgage loans for various investors.

SOURCE: ORIX USA CONTACT: for ORIX USA Cynthia Pharr Lee, 972-931-7576, ext. 24 Cynthia@pharrpr.com Copyright Business Wire 2010 -0- KEYWORD: United States

North America

Texas INDUSTRY KEYWORD: Professional Services

Finance

Construction & Property

Commercial Building & Real Estate SUBJECT CODE: Merger/Acquisition