PIMCO’s Roman Kogan and Seray Incoglu survey the conditions under which real estate lenders will operate in 2025.
The Federal Reserve opts to hold interest rates steady while the impact of tariffs remains uncertain in the near term; New York City office buildings are still in the commercial mortgage-backed securities spotlight with key extensions and workouts; Nashville hits a financing high note with InterVest and OZK originating $235 million for a mixed-use project; and more in today’s Term Sheet, exclusively for our valued subscribers.
Stateside volatility is a global concern for real estate debt and equity managers as heard this week at MIPIM; RMWC is setting up its flagship real estate debt strategy with the launch of a hybrid evergreen fund; Zenith IOS refinances a 30-asset industrial outdoor storage portfolio to maintain national exposure; and more in today’s Term Sheet, exclusively for our valued subscribers.
Blackstone secures a critical extension on $1.3 billion of Willis Tower CMBS debt; Apollo picks up more credit capabilities with $1.5 billion acquisition of Bridge Investment Group; Cain International is adding $300 million of private mezzanine debt to its Beverly Hills mega-project; and more in today’s Term Sheet, exclusively for our valued subscribers.
Barings is picking up additional credit capabilities via its just revealed Artemis acquisition; the first C-PACE financing ever in the state of Idaho is near, as Nuveen Green Capital expands its coverage; Nuveen and Torchlight also refinance a mega-retail center in Texas backed by Brookfield and CBRE IM; and more in today’s Term Sheet, exclusively for our valued subscribers.
Top-tier office assets on the coasts are experiencing a refinancing boom fueled by commercial mortgage-backed securities deals; Blue Owl Capital is looking to further expand its real estate credit presence with a commingled fund launch; Brookfield cites high-net-worth investors as a critical focus as fundraising momentum picks up; and more in today’s Term Sheet, exclusively for our valued subscribers.
November saw the index at 24.79%, compared with 24.53% in October.
Inside: Why mortgage REITs are seeing a reboot; The cost of sustainability – a 15-page special report on C-PACE; Expert comment from industry leaders; Plus much more…
Term Sheet: Apollo and Barings' Indianapolis hotel financing; Federal Reserve keeps rates steady; Oaktree taps PACE market for Los Angeles office tower
Commercial real estate debt lenders contemplate the impact of President Trump’s second term; Ralph Rosenberg is set to chair KKR's merged real estate and infrastructure business lines; New York Life finds mixed-use financing momentum in North Carolina courtesy of Hines and Affinius; and more in today’s Term Sheet, exclusively for our valued subscribers.