Anna-Marie Beal
The firm's European credit platform has now closed four transactions this year.
The $8.9bn pension aims to commit $15m-$30m to real estate credit in 2026.
The Charlotte-based manager has been making a broader push to expand its US and global real estate platforms via public pension funds and other investors.
The £340m loan on EDGE London Bridge is the UK manager’s largest since establishing its debt platform in 2021.
Leumi UK provided the financing to help grow the JV’s Concreit platform.
The scheme will result in a £300m student housing development to be completed in Q3 2027.
The firm aims to grow the fund to $2bn as it expands institutional investor relationships and ABF market presence.
The loan was made on behalf of the Charlotte-based manager’s European real estate debt strategies.
Repeat borrower Metro Development Group will use the financing to recapitalize a portfolio of 10 residential communities.
The refinancing comprises a $140m loan and a $82m loan for two separate Class A properties in Manhattan.