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The Los Angeles-based manager picks up exposure to the kind of hard-to-replicate asset that previously was most often financed by bank lenders and the securitized market.
A sponsor group including Redwood West, Panattoni and Prime purchased Victoria Gardens from Brookfield Properties and QIC in a $530 million deal.
Stabilizing asset values are leading institutional investors to take another look at the once-beleaguered sector.
Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.
Class A bond holders in New Yorkโs Palisades Center have taken a 30% loss in a rare case in the CMBS SASB market.
As GSEs pull back in multifamily, mortgage REITS are set to step in.
The financing originated by BREDS replaces prior senior debt from AIG and a mezzanine loan from Related's credit funds business for the first phase of The Journal.
Owners CBRE IM and Brookfield in February lined up a $215m refinancing for the property via Nuveen and Torchlight Capital.
On The PERE Podcast, Greg Dool, Samantha Rowan and Guelda Voien break down a pair of deals that signify a renaissance for the once-exiled sector.
The loan will be backed by 93 shopping centers, totaling 10.5 million square feet.










