Tishman Speyer notches another significant CMBS-fueled refinancing with $330 million lined up for 300 Park Avenue; Värde Partners channels office-to-residential conversion momentum beyond gateway cities with a key repositioning in Indiana; Blackstone Real Estate Debt Strategies keeps its activity steady with more Tri-State area credit deals; and more in today’s Term Sheet, exclusively for our valued subscribers.
Blackstone extends its bank loan acquisition initiative with a $2 billion portfolio pick-up from Atlantic Union Bank; PIMCO urges a global real estate portfolio rework amid rising geopolitical tensions; Peachtree Group appoints a top originator to spearhead more lending and C-PACE growth; and more in today’s Term Sheet, exclusively for our valued subscribers.
Blackstone’s acquisition of $2bn in performing real estate loans from Atlantic Union Bank indicates defaults are not necessarily driving loan book sales.
Meet the movers and shakers who had the biggest impact on the world’s private real estate capital markets during the most testing of decades.
The sector, long a favorite for lenders and borrowers, is facing near-term uncertainty stemming from changing demand and a maturity wall.
Kayne Anderson shows real estate debt fundraising momentum remains intact this week with a $1.69 billion opportunistic fund close; President Donald Trump’s 'Big Beautiful Bill' could hinder foreign investment for US-based real estate managers; Affinius reunites with Bank OZK on a Southern California multifamily development with a $54.7 million preferred equity investment; and more in today’s Term Sheet, exclusively for our valued subscribers.
Private credit real estate managers will need to wait longer still for interest rate changes, as the Federal Reserve holds steady; Public Sector Pension Investments channels CMBS momentum for a $1 billion refinancing package for The Wharf; Brookfield lays out real estate leadership succession plans with Brian Kingston’s shifting responsibilities; and more in today’s Term Sheet, exclusively for our valued subscribers.
The fund is designed to offer alternative capital solutions for multifamily borrowers.
Commercial real estate has weathered worse economic storms than what is being seen today, said attendees at the CRE Finance Council’s  June conference, held this week in New York.
The CRE Finance Council’s June conference was full of optimism, despite macroeconomic and geopolitical instability; Jadian Capital has secured a $231 million loan from Blackstone Real Estate Debt Strategies to fund upgrades to a 43-property industrial outdoor storage portfolio; Manhattan’s Independence Plaza landed a $675 million commercial mortgage-backed securities refinancing, and more in today’s Term Sheet, exclusively for our valued subscribers.