On The PERE Podcast, Randy Plavajka, Guelda Voien and Lucy Scott discuss the evolution of the green financing mechanism and the industry's attitudes toward decarbonization.
A wave of early-year commercial mortgage-backed securities deals is spelling refinancing tailwinds for Chicago’s Salesforce Tower; S3 Capital upsizes its origination appetite with a $300 million construction package for a Queens mega-development; a blurry outlook for Fannie Mae and Freddie Mac is leaving agency lenders in a grey area; and more in today’s Term Sheet, exclusively for our valued subscribers.
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.
A resurgent commercial mortgage-backed securities market should help foretell a broader real estate reboot.
Real estate market participants brace for volatility and potential near-term inflation from President Donald Trump’s tariffs; Wellington Management hires former PIMCO team to roll out its own private real estate credit platform; Madison Realty expands its New York City lending portfolio with $140 million deal in Brooklyn; and more in today’s Term Sheet, exclusively for our valued subscribers.
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.