Hunt Companies Finance Trust (HCFT) has unanimously approved the entry into a new management agreement with OREC Investment Management, a subsidiary of ORIX Corporation USA, and the concurrent mutual termination of its management agreement with Hunt Investment Management.
In connection with the transaction, James Hunt resigned as the company’s chairman of the board but will continue as a member of the board. In addition, the board appointed interim CFO James Briggs as CFO of the company. James Flynn will continue to serve as CEO, and Michael Larsen will continue to serve as president of HCFT.
