niche sectors

The debt funding will be used alongside a $55m tax equity investment from JPMorgan Chase to retool RXR and One Investment Management’s 61 Broadway.

Transaction volume in the sector rose 22% year-on-year in 2025, with a similarly robust year expected throughout 2026.

The firm is looking to expand the scope of its real estate debt business to more categories in 2026, such as build-to-rent. 

The 20-story tower in Manhattan’s Financial District will be converted into a 382-unit multifamily property with a mix of market-rate and affordable housing.

Banks behind Oracle-backed construction projects are shopping loan stakes to commercial real estate private credit lenders and forcing deeper risk considerations as a consequence.

Robert Holuba will oversee the merged private real estate platform at the Pennsylvania manager while Dean Frankel will continue leading the public platform.

Kelly Souza will lead West Coast originations as well as lender partnerships to fuel the New York-based manager’s next growth phase.

The debt will be used alongside an $88.4m C-PACE component to convert the vacant asset into a 30-story, 1,568-unit tower.

The senior housing and multifamily bridge lender originated a $455m refinancing component and a $15m working capital line as part of the deal.

The New York-based alternatives manager is expanding its real estate credit platform into the industrial outdoor storage sector with the facility.