The Philadelphia-based investment company is working with Historically Black Colleges and Universities to capitalize and development workforce developments.
Office investing and lending is not without optimism as market participants break down the sector’s opportunistic evolution in the cover feature of PERE Credit’s October-November edition; ORIX USA sizes up a commercial real estate debt expansion with the hiring of Dean Dulchinos from AEW to spearhead its stateside ambitions; Benefit Street Partners adds a spark to the commercial real estate collateralized loan obligation market with a $1 billion close; and more in today’s Term Sheet, exclusively for our valued subscribers.
In this podcast, MSCI’s Jim Costello and Northwind’s Ran Eliasaf discuss softer headwinds for the office sector as well as the opportunity to lend on high-quality assets and perform office-to-residential conversion programs.
Brooklyn's Greenpoint neighborhood continues its private credit overhaul with a $159 million Apollo refinancing deal; BH3 Management is the latest beneficiary of the pension fund focus on real estate debt, with an allocation from Maryland State Retirement and Pension System; a Houston data center deal achieves lift-off with Nuveen Green Capital lining up C-PACE financing for its development; and more in today’s Term Sheet, exclusively for our valued subscribers.
The Chicago-based firm joins a growing list of managers targeting distress.
The larger than expected 50-basis-point rate cut by the US Federal Reserve provokes more questions about real estate deal momentum; Madison Realty Capital finds fundraising tailwinds with $2 billion of capital lined up for the next iteration of its real estate debt strategy; Carlyle eyes green lending opportunities with $1 billion capital commitment to C-PACE lender North Bridge; and more in today’s Term Sheet, exclusively for our valued subscribers.
The Federal Reserve’s decision to cut interest rates by 50 basis points is not expected to have a significant impact on commercial real estate lending and borrowing.
An expected 25-basis point rate cut at the Federal Reserve’s next meeting will be pivotal as private equity funds seek to deploy dry powder.
The Dallas-based private equity real estate firm cites investor liquidity issues and a keenness to get deploying for the $2.7bn final closing for LSREF VII, less than half its initially reported $6bn target.
The New York-based investment manager will buy whole loans and performing- and non-performing notes, and provide additional financing through the fund.