Chimera Investment to acquire Palisades Group for $50m.

Chimera Investment, a publicly traded real estate investment trust, agreed to acquire Palisades Group, an alternative asset manager specializing in residential real estate credit, for $50m. “We are thrilled to welcome Palisades to the Chimera team. Palisades has a strong history in residential credit, providing customized asset and credit risk management solutions to large institutional investors and insurance companies, as well as investment advisory services to private credit funds. They have an excellent management team and seasoned investment professionals. Complementing Chimera’s permanent equity capital, this transaction is expected to broaden our residential credit reach to include managing assets for third parties and raising and investing private capital. We expect this acquisition to be accretive to Chimera’s earnings in 2025,” Phillip J. Kardis II, Chimera President and CEO.