Alternative lenders

The firm is seeking to develop, raise and deploy credit-geared strategies.

Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.

The funding will be used as part of an $180m deal to buy a 1,326-unit portfolio in New York City.

The move keeps the country on course to reach a 2% policy rate by 2025 and strengthens expectations of further recovery in real estate transactions.

The commitment represents a new relationship for the $11bn San Diego retirement system. 

The UK manager has made an appointment in Amsterdam from HSBC to bolster its origination capabilities.

The funding was arranged by Lone Star PACE and will be used to develop data centers in the Texas city.

The bottom line is that directionally, lenders and borrowers have more confidence in the Federal Reserve’s progress on inflation and a softening economic backdrop.

The funding will be used by Gencom as part of a $308m deal to buy the Thompson Central Park New York hotel.

The Chicago-based firm joins a growing list of managers targeting distress.