The mortgage team of Standish Mellon Asset Management Company LLC, will now be joining its subsidiary, Amherst Capital Management LLC, to combine the deep real estate expertise and industry-leading technology of Amherst with the investment processes for mortgage-related assets of Standish.
According to the press release posted in PR Newswire, the combination of BNY Mellon and Standish's expansive global footprint and longevity, with Amherst Holdings' real estate expertise, can alter the real estate financial landscape in the U.S.
The mortgage team will continue to provide the investment processes for Standish clients. The additional access of the mortgage team to Amherst Capital's real estate data set and analytical tools, will help the team provide an information advantage for specialized solutions in the U.S. real estate credit space.
"Amherst Capital's loan-level data analysis of the real estate capital markets provides the mortgage team with a unique perspective on the fundamental elements driving asset performance, and a specialized set of tools for managing risk," said Dave Leduc, CEO of Standish. "This collaboration reinforces Standish's long history of innovation, client service, and working with the best talent in the industry to enhance the investing process for our clients."
BNY Mellon collaborated with Amherst Holdings to establish Amherst Capital in 2015. The company was established to support Standish's capabilities in real estate investing and to also offer stand-alone real estate investment solutions to meet the growing demand of an underserved real estate credit market as a consequence of the changing U.S. regulatory landscape.
"This is an important milestone for Amherst Capital as we position ourselves to offer a comprehensive set of real estate credit investment capabilities, including direct lending strategies," said Sean Dobson, Amherst Capital's CEO. "The U.S. real estate credit markets are still in disrepair from the financial crisis, and asset managers will play a bigger role to facilitate recovery. Inefficiencies within the sector tend to reward a high level of investment in research and analytics, and as such, Amherst Capital is poised to play a significant role in this transformation."
