Accelerate Infrastructure Opportunities Achieves Major Capital Raise
Accelerate Infrastructure Opportunities, known for its innovative acquisition and management of critical infrastructure assets, recently announced a remarkable capital raise totaling $780 million. This funding comprises a significant $630 million equity commitment from funds and co-investors managed by CBRE Investment Management along with a pioneering $150 million asset-backed securitization.
Strategic Partnerships Fuel Growth
Accelerate's approach leverage partnerships for expanding its portfolio across essential infrastructure sectors, which include digital, renewable energy, and transportation. The organization's dedicated management team works diligently to aggregate these assets into a cohesive portfolio designed to yield long-term, sustainable cash flows.
Significant Investment from CBRE Investment Management
A standout feature of this capital raise is the increased investment from CBRE Investment Management. The firm's total commitment to Accelerate has now reached an impressive $630 million. This major infusion of funds is expected to significantly enhance the growth trajectory of Accelerate's diverse portfolio of infrastructure sites.
Brennan Potts, founder and CEO of Accelerate, shared his appreciation for the support from CBRE IM and its partners, stating, "We are grateful to CBRE IM and its partners for their investments that allow us to continue to execute and scale our leading infrastructure real estate strategy." He cited a shared recognition of the critical need for investment in infrastructure real estate, emphasizing that Accelerate is well-positioned to meet this demand.
Accelerate's Expanding Portfolio
Since the inception of their infrastructure site acquisition strategy in late 2022, Accelerate has made significant strides, acquiring portions of over 200 properties across 38 states. This rapid growth underscores the organization's capacity to capitalize on various opportunities within the market.
Leveraging Expertise for Competitive Advantage
Rob Shaw, Managing Director at CBRE IM, commented on the partnership, stating, "Combining Accelerate’s high-performing, value-based team with the expertise and breadth of the CBRE platform has allowed Accelerate to quickly secure market share across multiple infrastructure sectors." Their collaboration not only positions Accelerate as a leader but also enhances its appeal to landowners and infrastructure companies alike.
Innovative Financing through Securitization
In addition to equity investment, Accelerate completed a noteworthy asset-backed securitization valued at $150 million. This inaugural securitization is a remarkable step forward and highlights the trust investors place in Accelerate’s diversified portfolio of critical infrastructure assets.
High Demand and Investment-Grade Ratings
The securitization was met with substantial interest, leading to it being oversubscribed. Recognized credit ratings agency Morningstar DBRS assigned an investment-grade rating of A (low) to Accelerate’s securitized notes, marking a significant endorsement of the firm's strategies and asset stability.
Brandon O’Gara, president and CFO of Accelerate, expressed pride in this achievement, stating, "We are proud of the quality of our inaugural ABS issuance, which signals a strong endorsement of our strategy and the value and stability of our high-quality, diversified portfolio." He emphasized that entering the ABS market opens avenues for future financing, ultimately benefiting their customers.
About Accelerate Infrastructure Opportunities
Accelerate Infrastructure Opportunities specializes in acquiring, owning, and managing real estate assets situated under key infrastructure sites generating sustaining cash flow. Since launching its infrastructure strategy, the company has grown substantially, securing over 200 sites in 38 states. With offices strategically located across major U.S. cities, Accelerate is committed to assisting businesses, developers, operators, and property owners in unlocking value and securing land opportunities.
About CBRE Investment Management
CBRE Investment Management stands as a leading global firm within the real assets investment management sphere, overseeing approximately $148.3 billion in assets. With a robust presence in over 30 offices worldwide, they are dedicated to delivering sustainable investment solutions across various categories, geographies, and risk profiles.
As an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the largest commercial real estate services and investment firm, CBRE Investment Management utilizes the full extent of CBRE's data and market insights to benefit its clients.
Frequently Asked Questions
What is the total amount raised by Accelerate Infrastructure Opportunities?
Accelerate Infrastructure Opportunities has raised a total of $780 million, consisting of $630 million from CBRE Investment Management and $150 million from an asset-backed securitization.
What sectors does Accelerate focus on for investment?
Accelerate focuses on critical infrastructure sectors, including digital, renewable energy, and transportation, in order to acquire and manage real estate assets.
How many properties has Accelerate acquired?
Accelerate has acquired interests in over 200 properties across 38 states since launching its infrastructure strategy in late 2022.
Who provided the investment-grade rating for Accelerate's securitized notes?
Morningstar DBRS provided an investment-grade rating of A (low) for Accelerate’s securitized notes, which underscores the quality of their asset-backed securitization.
What is the role of CBRE Investment Management in this partnership?
CBRE Investment Management plays a vital role by providing significant equity investments and leveraging its broad expertise and resources to enhance Accelerate's growth and market positioning.
