Home Niche sectors
niche sectors
Five-property portfolio in Arizona comprises independent living, assisted living and memory care units for seniors.
The funding was arranged by Lone Star PACE and will be used to develop data centers in the Texas city.
The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.
The Milwaukee-based manager is looking at lenders with a deeper understanding of the sector.
The Minneapolis-based manager originated the funding for a joint venture between Metro Storage and Fremont Realty Capital.
Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.
The fund from the Irvine, California-based manager comes at a time when lenders are rolling out more focused strategies.
Market participants see increased competition for institutional-quality assets as private credit lenders look to increase their niche exposure.
The structural shifts in the market are changing the way capital is deployed into different property types and locations.
RV ownership has risen by more than 60% in the past two decades and the park sector is still heavily fragmented.