REITs and Funds

Put the expertise and resources of our REIT team to work for you.
As one of the 10 largest banks in the U.S., we offer a diverse range of corporate and investment banking services1 to support even the most complex challenges of our REIT clients. Since 2010, we’ve underwritten more than 100 Syndicated Bank transactions totaling $40+ billion and more than 125 Fixed Income and Equity Capital Market transactions1 totaling nearly $48 billion, for more than 80 REIT clients across all major property types. When you work with the Capital One® REIT team, you get more than 50 years of real estate banking expertise combined with a determination to deliver unparalleled client satisfaction.

A proactive approach that delivers tailored solutions.
We know that there’s no such thing as a one-size-fits-all solution. That’s why we start by developing an in-depth understanding of your business and look beyond your current capital needs to help you grow your business over the long term. Our proactive and exceptionally experienced team considers current market conditions while also digging deep into your capital structure, strategy, risk parameters and opportunities to deliver solutions uniquely tailored to your needs.

A comprehensive suite of financing solutions 
Whether you’re looking for project financing, a revolving credit facility or term loan, or you’re considering accessing the public equity or fixed income markets1, we can help by providing seamless integration across our specialized REIT banking platform.

We offer a full suite of corporate and investment banking products and services for both public and private real estate owners. And we're committed to providing every client, large or small, the very best service.

Our products and services include:

  • Revolving credit facilities and term loans
  • Property-level acquisition and refinance loans
  • Construction and development financing
  • Public equity – IPOs, Follow-ons, ATMs1
  • Public bonds – investment-grade and high-yield1
  • GSE financing (Fannie Mae, Freddie Mac, FHA)
  • Cash and treasury management
  • Depository services
  • Interest rate and currency risk management tools

Let us put our expertise to work for you.

In Fund Financing, experience matters

At Capital One®, our goal is to provide real estate fund managers with the financing packages that best fit their needs, backed by exceptional service that is both efficient and responsive. Thanks to the expertise of our dedicated Funds team, that’s exactly what we do. More than 50 fund managers from Boston to San Francisco have turned to Capital One over the last 10 years, attracted by the insight and experience we offer, by our ability to simplify and streamline the process, and, most of all, by our commitment to building long-term relationships. It’s no wonder that we currently have $5.2 billion of committed debt capital to our fund clients on our books.

The full range of financial products—for the full range of funds.
You can turn to Capital One for a comprehensive set of financing solutions needed to launch a real estate investment fund and to keep it running productively. And you can count on us to tailor a solution to your needs, whether it’s a subscription line of credit or term financing for an asset or portfolio.

In a business where breadth of experience can make a real difference, we have worked with every kind of real estate fund, open- and closed-end funds, equity and debt funds, as well as separate accounts.

You can count on Capital One for the following products and services:

  • Subscription lines of credit
  • Secured and unsecured lines of credit
  • Single asset or portfolio term loans
  • Separate account financing
  • Commercial and government-sponsored agency financing
  • Cash and treasury management services
  • Depository services
  • Currency and derivative tools

Put our team to work for you.

 

Greg Horstman

Senior Vice President
Head of REIT Corporate Banking

703-720-6792
gregory.horstman@capitalone.com 

As Head of REIT Commercial Banking, Greg Horstman is accountable for the team’s multi-billion dollar loan portfolio, consisting of unsecured revolving and term loan facilities, mini-perm loans and construction loans. He has more than 20 years of commercial real estate banking and business development experience.

Prior to joining Capital One, Mr. Horstman was Senior Vice President and Team Leader for SunTrust Bank’s REIT Banking Team and before that served as a commercial real estate relationship manager at SunTrust Bank and its predecessor institutions. In these positions, he gained extensive experience structuring debt transactions, conducting financial analyses, evaluating collateral, executing sales strategies and expanding client relationships. 

Mr. Horstman is a member of the National Association of Real Estate Investment Trusts (NAREIT) and the International Council of Shopping Centers (ICSC). He holds a Bachelor of Science in Economics from the Pennsylvania State University and a Master of Science in Real Estate from the Johns Hopkins University.


Greg K. Steele

Managing Director
Head of REIT Investment Banking

646-231-9116
greg.steele@capitalone.com 

Greg K. Steele is Managing Director and Head of REIT Investment Banking at Capital One Securities, Inc. He is responsible for Capital One’s overall REIT investment banking business, leveraging Capital One’s large commercial real estate banking platform and extensive client relationships.

Prior to joining Capital One in 2014, he was Managing Director at BMO Capital Markets, where he played a key role in building BMO’s real estate investment and corporate banking businesses. Mr. Steele’s transaction experience exceeds $30 billion in value across a wide variety of public equity, debt and M&A transactions.

He holds Bachelor of Science and Master of Business Administration degrees from McGill University in Montreal, is a CFA® charterholder and is FINRA Series 7, 63 and 24 licensed. He is based in Capital One’s New York City offices.


Joshua R. Howes, CFA

Senior Vice President
Head of Fund Financing

617-788-2184
joshua.howes@capitalone.com 

As manager of the Fund Finance Group, Josh leads Capital One’s national coverage of real estate private equity clients. This team provides tailored banking solutions to private equity funds including subscription secured financing, unsecured and secured lines of credit, asset level financing, derivatives and treasury management. Prior to joining Capital One, Josh held relationship management and underwriting positions at Wachovia Bank and FleetBoston Financial. He is a graduate of Bates College, where he received a Bachelor of Science in Economics. Josh is also a CFA® charterholder.

Capital One Securities

To learn more about the REIT Investment Banking Business and other broker dealer offerings, visit Capital One Securities, Inc. 

Source: SNL Financial 12/31/2016
All loans subject to credit approval. Terms and conditions apply.
Products and services are offered by Capital One, N.A., Member FDIC.
©2017 Capital One. Capital One is a federally registered service mark. All rights reserved. 

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Securities products and services are offered through Capital One Securities, Inc., a non-bank affiliate of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation and a member of FINRA and SIPC. The products and services offered or recommended are: Not insured by the FDIC; Not bank guaranteed; Not a deposit or obligation of Capital One; May lose value.

Capital One Securities, Inc. is registered to conduct business in each state and the District of Columbia except Hawaii, Maine, and North Dakota. The information contained on the site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use may be contrary to law or regulation or which may subject us or our affiliates to any registration requirement within such jurisdiction or country.