Opportunities to Accelerate North Texas Infrastructure Development Raise $780 Million » Dallas Innovation

Plano-based Accelerate Infrastructure Opportunities announced a $780 million capital raising consisting of a $630 million equity participation from funds and co-investors managed by CBRE Investment Management and a first-ever asset-backed securitization of $150 million.

Accelerate acquires and manages critical infrastructure properties in the digital, renewable energy and transportation sectors. According to Accelerate, it combines these assets into a managed portfolio that generates long-term sustainable cash flow.

“We are grateful to CBRE IM and its partners for their investment, which allows us to continue to execute and scale our leading infrastructure real estate strategy,” Brennan Potts, founder and CEO of Accelerate, said in a statement. “All of our investors recognize the significant need for infrastructure property investment to support building a connected and resilient economy. Accelerate is here to help meet that need.”

Last year, we told you how Accelerate Investment Partners and CBRE Investment Management launched Accelerate Infrastructure Opportunities as a new strategy for investing in digital and renewable real estate across North America.

Accelerate said it has joined forces with CBRE IM to launch an infrastructure acquisition strategy in December 2022. Since then, Accelerate has acquired interests in more than 200 properties in 38 states across digital, renewable and transportation infrastructure assets.

“Combining Accelerate’s high-performance and value team with the experience and breadth of CBRE’s platform has enabled Accelerate to quickly gain market share across multiple infrastructure sectors and strengthen its leadership position,” said Rob Shaw, managing director of CBRE IM, in a statement. statement. “Accelerate’s proven track record, creative structuring and focus on long-term partnerships position Accelerate as the partner of choice to help landowners, brokers and infrastructure companies realize the full value of land underlying critical infrastructure assets.”

Read more about asset-backed securitization

Accelerate said it completed a $150 million asset-backed securitization of a diversified portfolio of properties comprising critical infrastructure assets, making the securitization the first of its kind. The company said the issue was oversubscribed and included support from multiple investors.

Morningstar DBRS has assigned Accelerate’s securitized notes an investment grade rating of A (low).

“We are proud of the quality of our first ABS issuance, which demonstrates strong support for our strategy and the value and stability of our high-quality, diversified portfolio,” Brandon O’Gara, Accelerate’s president and chief financial officer, said in an interview. statement. “We believe Accelerate’s entry into the ABS market opens the door to future financing opportunities and allows Accelerate to provide a competitive cost of capital to our clients.”

In addition to its headquarters in Plano, Accelerate has offices in New York and Los Angeles.

CBRE Investment Management is a leading global real estate investment management firm with $148.3 billion in assets under management as of September 30, operating from more than 30 offices in 20 countries around the world.

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