VICI Properties has set up a longer-term investing initiative with Cain and Eldridge Industries as part of a $1.5bn mezzanine contribution.
Global real estate head Chad Tredway and head of research Thomas Kennedy outline how a deeper shift into alternative sectors and more precise deployments will unfold in the next cycle.
In this episode of The PERE Podcast, the editorial team provide their top takeaways from the global trade show MIPIM. They also reflect on how delegates see the Iran crisis impacting the outlook for real estate capital flows.
UK swap rates and eurozone rose ahead of the UK central bank’s announcement that it would hold rates at 3.75%.
Central bankers hold rates steady as the industry continues to evaluate the impact of the Iran war; France’s SCOR Investment Partners raises capital for value-add lending; two UK REITs announce significant debt deals; survey finds back leverage strategies being rapidly adopted in Europe; and more in today's briefing, exclusively for our valued subscribers.
The Los Angeles-based manager picks up exposure to the kind of hard-to-replicate asset that previously was most often financed by bank lenders and the securitized market.
Private real estate managers banking on continued interest rate cuts this year were met with a pause from the Federal Reserve and signals for further stalls ahead; Benefit Street Partners added to the commercial real estate collateralized loan obligation market’s momentum with a $1.1 billion offering; Savills and Eastdil Secured are set to further concentrate the global real estate credit advisory market with their merger; and more in today’s Term Sheet, exclusively for our valued subscribers.
Alexico Group lined up a $345m refinancing package for The Mark Hotel with a mix of capital from Deutsche Bank, JPMorgan Chase and BDT & MSD Partners; Ares Management is getting a slice of trophy retail in Southern California through a $447m acquisition loan for Victoria Gardens; Peachtree Group is building its lending momentum through a $103m recapitalization and construction completion financing in Miami Beach; and more in our round-up of stateside loan deals from the past week.
The capital will enable the UK lender to offer more competitively priced loans to residential borrowers.
Nordea provides €400m to refinance a portfolio of Danish assets for manager Rubik Properties; five Nordic banks club together to back residential developer JM; Oxford Properties and Hines source financing for their redevelopment of 10 Paternoster Square in London; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.