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The manager-developer partnership is targeting $200 million in preferred equity and mezzanine investments across multifamily and industrial sectors
Owners CBRE IM and Brookfield in February lined up a $215m refinancing for the property via Nuveen and Torchlight Capital.
The borrower is a joint venture between Blue Vista and Cabot, Cabot & Forbes, owners of a Class A property in the Brighton submarket.
The firms are targeting $200m for deployment with a heavy focus on subordinate multifamily and real estate loans.
The deal will recapitalize KSL Capital Partners’ convention center-adjacent Westin Indianapolis property.
Empira's investment strategies include European residential, US residential, transition-to-green and real estate credit.
The firm anticipates another capital closing before year-end and then a final close late in the first quarter.
Honolulu-based manager makes key hires to deepen the firm’s focus on destination hotels and resorts in the US.
The firm’s credit platform manages whole loans, Freddie Mac products, preferred equity investments and mezzanine loans.
John Jacobs has been slated to take on senior portfolio manager responsibilities from Steve Bailey, who is retiring at year’s end.