RECA funded over $4.0 B in Debt & Equity in 2021! The Real Estate Capital Alliance (RECA) was formed by a group of boutique real estate capital advisory firms with offices in major metropolitan markets and clients across the U.S. Collectively, the group of more than 85 originators has arranged over $30 billion in debt and $3 billion in equity since the Alliance was formed in 2008. The primary purpose of RECA is to leverage the relationships, experience and daily interactions in the capital markets of a larger group of advisors in order to not only ensure that the clients of each company are securing access to the best possible capital in the market, but also to build stronger relationships with the capital providers, increasing the certainty of execution.