SL Green is lining up more opportunistic office plays after surpassing the $1 billion target for its latest debt strategy; ACRE closes its second real estate debt strategy at $1 billion with an expanded investor base in tow; Scale is bulking its multifamily construction financing book with a $305 million development deal in the Bronx; and more in today’s Term Sheet, exclusively for our valued subscribers.

A $435 million CMBS loan is on tap to refill Daniels and Nitze-Stagen's capital stack for Starbucks’ Seattle headquarters; affiliate PERE releases H1 global fundraising figures showing an increased allocation toward real estate debt; Thorofare Capital opts for a regional-geared model with its head of originations departing; and more in today’s Term Sheet, exclusively for our valued subscribers.

Tishman Speyer notches another significant CMBS-fueled refinancing with $330 million lined up for 300 Park Avenue; Värde Partners channels office-to-residential conversion momentum beyond gateway cities with a key repositioning in Indiana; Blackstone Real Estate Debt Strategies keeps its activity steady with more Tri-State area credit deals; and more in today’s Term Sheet, exclusively for our valued subscribers.

Blackstone extends its bank loan acquisition initiative with a $2 billion portfolio pick-up from Atlantic Union Bank; PIMCO urges a global real estate portfolio rework amid rising geopolitical tensions; Peachtree Group appoints a top originator to spearhead more lending and C-PACE growth; and more in today’s Term Sheet, exclusively for our valued subscribers.

Kayne Anderson shows real estate debt fundraising momentum remains intact this week with a $1.69 billion opportunistic fund close; President Donald Trump’s 'Big Beautiful Bill' could hinder foreign investment for US-based real estate managers; Affinius reunites with Bank OZK on a Southern California multifamily development with a $54.7 million preferred equity investment; and more in today’s Term Sheet, exclusively for our valued subscribers.

The index was at 26.2% in March, compared with 25.34% in February and 25.51% in January.

Brookfield relaunches efforts to refinance its trophy Ala Moana center with commercial mortgage-backed securities financing; Beach Point aims to make mid-market moves with its inaugural real estate credit strategy close at $545 million; Peachtree Group extends C-PACE financing streak with a suburban Portland construction completion deal; and more in today’s Term Sheet, exclusively for our valued subscribers. 

Commercial lenders have some room to let current investment theses breathe with the Federal Reserve keeping rates unchanged; The commercial mortgage-backed securities market gets another office boost with a $250 million refinancing for the Durst Organization; Hudson Bay has more than $300 million of dry powder lined up with the close of its inaugural real estate credit fund; and more in today’s Term Sheet, exclusively for our valued subscribers.

Mubadala is satisfying its private real estate credit appetite through a $1 billion partnership with Fortress Investment Management; Deloitte unpacks how the next wave of real estate firm leadership could reshape mainstream and alternative investment priorities; Ares and Monarch Alternative Capital continue Miami’s construction momentum with a $413 million financing deal, and more in today’s Term Sheet, exclusively for our valued subscribers.

Caisse de dépôt et placement du Québec’s real estate business is finding more alignment between risk and return across its C$77 billion portfolio; Hudson Pacific lines up $475 million of CMBS financing to recharge a half-dozen grouping of West Coast offices; Nuveen taps Chad Phillips to succeed Chris McGibbon to lead its global real estate platform; and more in today’s Term Sheet, exclusively for our valued subscribers.