PERE Credit Staff
PIMCO, Invictus and Fortress each held first closes for their latest real estate debt strategies with $1.27 billion of cumulative capital lined up across the trio; CapitaLand has sights on growing its Asia-Pacific real estate lending presence with the final close of a sequel strategy in the sector; Peachtree Group builds on its deployment output with a senior hire geared toward bolstering insurance capital partnerships; and more in today’s Term Sheet, exclusively for our valued subscribers.
CIM Group is tapping into South Florida’s financing momentum through a $154m refinancing deal for a pair of Blackstone-backed mixed-use towers; Blackstone takes a debt angle of its own with a $226m industrial outdoor storage portfolio financing deal; Barings looks to catch Chicago office tailwinds with a $156.7m acquisition financing: and more in our round-up of stateside loan deals from the past week.
Nuveen Green Capital is backing revitalization plans for the former Cal Neva Hotel in Lake Tahoe with a state-record $223m C-PACE financing; Tikehau Capital and The Brodsky Organization are looking to boost their US real estate credit presence through a $500m initiative; Madison Realty Capital is promoting Samir Tejpaul to spearhead investments across debt and equity platforms; and more in today’s Term Sheet, exclusively for our valued subscribers.
JPMorgan Chase takes out Madison Realty Capital’s construction loan on a downtown Brooklyn multifamily tower with a $765 million financing; Nuveen Green Capital helps redevelop a historic hotel property in Lake Tahoe with a $223 million C-PACE loan; 3650 Capital originates a $104 million preferred equity investment to support a Chicago apartment portfolio; and more in our round-up of stateside loan deals from the past week.
The index inched down month-on-month to 27% in January this year.
In this week’s episode of The PERE Podcast, EQT’s recent run of industrial sector sales and acquisitions provides a roadmap for how other scaled real estate managers may prioritize bespoke deals over bulk transactions to modernize for the market cycle ahead.
First-time and spinout real estate credit managers get their time in the limelight in the cover story of PERE Credit’s April/May issue; The US Department of Labor wants to clarify litigation risks for private fund managers aiming to access the defined contribution retirement plan market; San Bernardino County Employees' Retirement Association is keeping its real estate allocation pace intact with a $150 million commitment to TPG; and more in today’s Term Sheet, exclusively for our valued subscribers.
Derby Lane, BHI and Naftali Credit Partners are adding to New York City’s office-to-residential activity through distinct Manhattan deals; Madison Realty Capital is taking its debt funding across the East Coast to maintain its multifamily and residential exposure; Axonic Capital is backing the Bay Area’s retail market with the refinancing of a San Francisco financial district staple; and more in our round-up of stateside loan deals from the past week.
Inside: Why more and more seasoned executives are launching their own firms; The PERE Credit Awards 2025 – meet the firms that stood out from the rest of the market; How bank lenders are making a welcome return to commercial real estate; And much more…
The PERE Podcast takes a look at the interest rate road ahead with LaSalle IM's Brian Klinksiek as more potential for global real estate capital market strain builds on the back of central bank decision-making and economic pressures from the war in Iran.