Why the ability to deploy capital quickly is becoming key to a manager's ability to tee up their next fund.
The latest edition of PERE Credit dives into the stabilizing role of commercial real estate debt in institutional portfolios; the growing momentum in the CMBS SASB market with the $1.3 billion refinancing of the Durst Organization’s One Five One tower in Times Square; the bolstering of Invesco's senior ranks with the hire of Kim Hourihan to oversee its global real estate strategy; and more in today’s Term Sheet, exclusively for our valued subscribers.
PGIM Real Estate is putting debt capital to work this week with a $110 million refinancing package for a mixed-use tower in downtown Tampa; The Durst Organization is adding to refinancing momentum in New York City’s Times Square with a $1.3 billion CMBS refinancing deal; Mesa West originates a $52 million loan in Denver to refinance a Crow Holdings Capital-affiliated multifamily asset; the latest additions to the PERE Credit lending database; and more in our round-up of loan deals from the past week.
Nuveen Green Capital has lined up $785 million to expand its C-PACE lending presence across the stateside financing market; S3 Capital is teeing up a 2026 final close with $730 million of commitments already on tap for its latest credit fund; Canyon Partners keeps multifamily lending steady with a $106.3 million loan closing in Chicago; and more in today’s Term Sheet, exclusively for our valued subscribers.Â
Blackstone’s Wesley LePatner is gone too soon, but she made a lasting impact on the industry in myriad ways.
Debt fund managers are gaining significant traction with investors but continue to spend substantial time educating clients and prospects on the asset class.
Term Sheet: SL Green’s office-geared fundraise; ACRE’s $1bn final close; Scale’s Bronx backing
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.
Restrictions on student borrowing that were part of the Trump administration’s Big Beautiful Bill and an expected decline in international students could affect demand for student housing properties.
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.
The manager lined up a $330m loan to refinance maturing debt on the Class A New York office.