Randy Plavajka
The senior housing and multifamily bridge lender originated a $455m refinancing component and a $15m working capital line as part of the deal.
The global co-head of real estate is leaving after a 15-year tenure, placing Nadeem Meghji into sole leadership of the manager's real estate portfolio.
The financing will be used by Namdar Group to fund support construction and leasing for a pair of 43-story multifamily buildings in downtown Miami.
The $370bn Sacramento-based pension fund has moved to support more multifamily and industrial-focused strategies, including a $250m commitment to Greystar’s second real estate credit fund closing this week.
The senior and mezzanine financing will be used to start development of the 200-acre Riverwalk San Diego project in Southern California.
The New York-based alternatives manager is expanding its real estate credit platform into the industrial outdoor storage sector with the facility.
The Charleston-based manager surpassed its original $750m target for the real estate credit vehicle and has already committed $1.8bn in loans.
Invesco’s real estate platform is reconfiguring its senior debt and equity ranks following the amicable departure.
The New York-based manager is aiming to expand – and the real estate credit capabilities of Oaktree are critical to that initiative.
CEO Bruce Flatt says the proposed transaction will let Brookfield broaden its credit franchise following Oaktree’s 75% AUM jump since 2019.