News Analysis

Michael Berman will shift from chief executive to executive adviser, as M&T taps Michael Edelman as his successor.

The transaction makes Brookfield the largest multifamily owner in San Francisco.

The new company will originate first mortgages, mezzanine debt and preferred equity investments.

Despite uncertainties looming over the office sector, investors can leverage diverse tailwinds across various real estate segments.

The banking giant’s CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.

CIO Wes Fuller says the firm will put a greater focus on strategic partners and growing its investor base.

Reven Office REIT will originate first mortgages, mezzanine debt and preferred equity investments.

Blackstone, Rialto and CPP Investments tap JLL to offload $1.8 billion of Signature Bank loans mere weeks after buying them; UBS Asset Management promotes Jon Hollick to head real estate globally; Midland puts defaulted $308 million 1740 Broadway loan out for sale at an estimated 50 percent discount; and more in today’s Term Sheet, exclusively for our valued subscribers.

The $308m loan is expected to be sold for a 50% discount.

Non-bank lenders signal strong appetite to capture market share at the industry group’s annual conference in Miami.