News Analysis

The operator secured the first mortgage financing arranged by JLL Capital Markets.

The New York-based REIT receives capital commitment from an undisclosed Canadian institutional investor.

The global real estate manager has been building out its debt market share and has shown appetite for similar deals.

Empira’s investment strategies include European residential, US residential, transition-to-green and real estate credit.

The New York-based manager will focus on large-balance loans through the fund, including bridge and construction deals in the mid-market.

The loan will be used for the first phase of a 380,000-square-foot industrial park in Irvine, California.

The minority-owned emerging manager is raising $500m for a strategy that seeks to keep ‘struggling families’ in their homes and find ‘hidden alpha’.

Managers are looking at the historically underallocated investor group as they seek to expand their platforms.

The bridge loan was secured by California resi developer AMCAL Equities.