ACORE Capital Appoints Warren de Haan and Chris Tokarski as Co-CEOs

SAN FRANCISCO--()--ACORE Capital, LP (“ACORE”), one of the largest global credit managers focused exclusively on commercial real estate lending, is pleased to announce that Warren de Haan and Chris Tokarski have been appointed as Co-Chief Executive Officers, effective April 19, 2021.

De Haan and Tokarski co-founded ACORE in 2015 with longtime partners Boyd Fellows and Stew Ward, who will continue at ACORE as Managing Partners and members of the firm’s Investment Committee. Together, De Haan and Tokarski have been instrumental in establishing ACORE as a trusted and powerful force in the commercial real estate lending markets with their cycle-tested credit expertise and deep relationships.

Over the course of their respective careers, De Haan and Tokarski have originated thousands of loans together totaling over $60.0 billion through multiple market cycles. As Co-CEOs, De Haan and Tokarski will work together to advance ACORE’s strategic priorities, including broadening the firm’s global investor base, strengthening current and establishing new lending relationships, launching new investment strategies, and cultivating and attracting high-quality talent.

De Haan and Tokarski stated, “We are excited to lead ACORE in its next chapter of growth. We care deeply about continuing to build a legacy that all ACORE’s stakeholders – including employees, investors, borrowers, and intermediaries – can be proud of. Our commitment to the firm’s relationships and its long-term success could not be stronger, and we look forward to continuing growing ACORE’s dynamic commercial real estate lending platform.”

Prior to founding ACORE with Fellows and Ward, De Haan and Tokarski spent 25 years working together in senior roles at leading commercial real estate lending institutions, most recently Starwood Property Trust, where the team grew the company’s market capitalization from approximately $900 million to over $5.0 billion during their tenure.

“Stew and I have had the honor of being partners with Warren and Chris for decades, and we are thrilled to continue to support them in every way possible as they lead ACORE going forward,” said Fellows. “Warren and Chris are trusted and respected throughout the commercial real estate industry as experts who absolutely do what they say they will, which is fundamental to how ACORE conducts business.”

De Haan and Tokarski’s leadership and vast network of relationships helped ACORE originate approximately $3.0 billion of loans in 2020, despite severe market disruption. Moreover, since ACORE’s inception through December 31, 2020, they have overseen the origination of more than 325 loans totaling approximately $24.4 billion. During this period, ACORE has not suffered any realized credit losses.

About ACORE Capital

ACORE Capital, LP is a leading commercial real estate finance company and debt fund manager with approximately $17 billion of assets under management. ACORE is focused on originating, acquiring and managing first mortgages, B-notes, mezzanine debt and preferred equity throughout the United States. ACORE, which is an acronym for Alpha Commercial Real Estate, specializes in providing borrowers with customized financing solutions at competitive rates and flexible terms. For more information, please visit


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