Insight

Term Sheet: CBRE IM’s net lease play; Grosvenor’s senior housing backing; Precede and Deva’s green lending

In today’s edition, CBRE Investment Management has acquired Arizona-based sale-leaseback financing specialist Tenet Equity while expanding its net lease platform; Grosvenor has made its first loan deployment in senior housing, aiming to lend around £1 billion ($1.4 billion; €1.2 billion) across property types in the next six years; Precede Capital Partners and Deva Capital are jointly providing £200 million of green development financing for two student housing properties; and more in today’s Term Sheet, exclusively for our valued subscribers.

Cohort Capital closes £18.4m mezzanine loan for luxury London hotel

The financing allows the hotel’s owner, BHL Global, to settle an outstanding tax liability.

Term Sheet: Data center CMBS momentum; Boston landmark refinanced; Pollen Street’s German backing

In today’s edition, Barclays and Goldman Sachs are co-originating a $375 million CMBS loan for the acquisition of an Illinois data center property; Boston’s landmark Winthrop Center has been refinanced, with a $281 million C-PACE loan completing the capital stack; Pollen Street is funding an €85 million senior secured financing facility for a German real estate group through its asset-backed financing strategy; and more in today’s Term Sheet, exclusively for our valued subscribers.

Multifamily lenders look beyond the Sun Belt

Lenders are going further afield in search of better risk-adjusted returns.