multifamily

The Philadelphia-based investment company is working with Historically Black Colleges and Universities to capitalize and development workforce developments.

Puente Hills Mall, a roughly 56-acre mall in the City of Industry, California which is best known as a filming location in Hollywood blockbuster Back to the Future, is set to undergo a major redevelopment.

The bulk of capital allocated to real estate private credit strategies over the past five years has ended up in the multifamily sector, according to data from PERE Credit.

The Lending Barometer tracked 96 loans totaling $12.67bn across July and August, a level that is 15% lower than the prior two-month period.

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 Miami-based national real estate lender also brought on an undisclosed wealth advisory firm in its first commitment of this kind.

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

Slate’s financing arm has focused on development and construction completion investments year to date.