borrowers

The New York-based manager closed its first two vehicles on $550m in commitments.

The credit facility is the firm’s first and represents the next stage of growth for Alpaca.

The fund is the largest the firms have raised since kicking off the partnership. 

The offering, and other debt deals completed via TASE, allowed Moinian Group to expand its debt and equity platforms.

The 16-year GIC real estate veteran will replace Gallistel, who is joining CBRE IM as the co-chief executive.

The 10-year Treasury last week hit its highest level since April, rising to 4.7 percent on January 8.

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. 

The benchmark 10-year Treasury needs to be reliably in a range of 4-4.5% for transaction activity to resume.

A commercial real estate recovery depends on a predictable environment.

PERE Credit’s most-read stories include forward-looking interviews with senior real estate executives detailing expansion plans and our annual ranking of real estate debt funds.