But lenders continue to highlight the different stories around trophy and non-trophy assets. Â
Blackstone’s maturity reset for the trophy office to 2028 shows managers still can extend loans on offices – as long as the equity is there.
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.
The takeover of female-founded Artemis would amplify Barings' real estate debt and equity platforms further.
The headlines are becoming more positive but a recovery in US office remains skewed toward prime assets.
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.
In this inaugural episode of The PERE Podcast, Jonathan Brasse, Evelyn Lee and Bruno Alves discuss the implications of the manager's recent merger of its real estate and infrastructure businesses.
In this episode of The PERE Podcast, Evelyn Lee and Jonathan Brasse discuss firms on the fast track to industry prominence.
Our Lending Barometer tracked 123 loans totaling $16.83bn across the last two months of 2024.