Dhaval Parikh previously ran the Los Angeles-based manager’s real estate debt platform capital raising efforts.
Chicago-based manager was part of the capital stack for the construction financing on The Edison, a 378-unit, mass timber luxury apartment building in Milwaukee.
Industry veteran Brad Cohen will be integral for risk management and identifying growth opportunities.
Fund is the largest the partners have raised since kicking off their partnership.
The financing for Fisher Brothers includes $108m of C-PACE capital.
The investment manager rearranged the capital stack and secured a debt infusion on five multifamily properties in the Sun Belt region.
Market participants will have a more positive outlook in the sector going forward to 2025, given the increasing office leasing and usage rates.
The benchmark 10-year Treasury needs to be reliably in a range of 4-4.5% for transaction activity to resume.
The JLL-brokered deal for Genesis Marina is backed by a JV between Phase 3 Real Estate Partners and Bain Capital Real Estate.
Terra will use the permanent financing for the first phase of its Centro City development.