Term Sheet

Term Sheet: Kayne Anderson’s $1.69bn fundraise; Section 899’s real estate impact; Affinius’s SoCal stipend

Kayne Anderson shows real estate debt fundraising momentum remains intact this week with a $1.69 billion opportunistic fund close; President Donald Trump’s ‘Big Beautiful Bill’ could hinder foreign investment for US-based real estate managers; Affinius reunites with Bank OZK on a Southern California multifamily development with a $54.7 million preferred equity investment; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Tritax Big Box REIT sources debt for Warehouse REIT takeover; Blackstone and Starwood explore CMBS deals; Art Capital makes back leverage hire

Tritax Big Box REIT has arranged a major financing facility for its takeover of Warehouse REIT; Blackstone and Starwood’s proposed CMBS deals suggest the securitisation is viewed as a viable financing option in today’s market; London-based adviser Art Capital caters to users of back leverage with a new hire; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: CapMan buys majority of Caerus, pbb closes in on manager acquisition, Apollo lends big in Spain

Finnish manager CapMan has gained real estate debt exposure through a majority purchase of Caerus Debt Investments; pbb Deutsche Pfandbriefbank is in advanced talks to buy a manager as it diversifies; Apollo Global Management lends against a major Spanish acquisition deal; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Fed’s rate signals; PSP’s $1bn Wharf refi; Brookfield’s real estate succession

Private credit real estate managers will need to wait longer still for interest rate changes, as the Federal Reserve holds steady; Public Sector Pension Investments channels CMBS momentum for a $1 billion refinancing package for The Wharf; Brookfield lays out real estate leadership succession plans with Brian Kingston’s shifting responsibilities; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Hot takes from PERE Europe, Mitsubishi Estate buys into Patron, change at the top at Brookfield

Delegates at the PERE Europe Forum 2025 hear managers’ and investors’ expectations for real estate debt; UK manager Patron Capital Partners receives a boost for its credit strategy in the form of a majority stake purchase; Lowell Baron takes the reins at Brookfield’s real estate business; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: CREFC’s sentiment signal, Jadian Capital’s industrial outdoor storage push, CMBS refinancing on Manhattan’s Independence Plaza

The CRE Finance Council’s June conference was full of optimism, despite macroeconomic and geopolitical instability; Jadian Capital has secured a $231 million loan from Blackstone Real Estate Debt Strategies to fund upgrades to a 43-property industrial outdoor storage portfolio; Manhattan’s Independence Plaza landed a $675 million commercial mortgage-backed securities refinancing, and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: The 2025 PERE Credit 50 revealed; Section 899’s fundraising impact; Northwestern’s industrial upscaling

Real estate debt managers trade places and hold ranks with the release of 2025’s PERE Credit 50; the Trump administration’s latest budget proposal could hinder international capital raising efforts for US managers; Northwestern Mutual doubles down on New Jersey industrial development with $300 million financing; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: The Debt Fund 30 revealed, Savills highlights competitive landscape, compensation trends explored

The latest edition of Real Estate Capital Europe’s Debt Fund 30 reveals a drop in fundraising across the ranking; consultant Savills describes a competitive UK real estate lending market at its latest Financing Property event; recruiter Sousou Partners shares data with REC Europe showing the latest trends in industry compensation; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Standard Chartered issues €238m facility for Dublin development; MSCI says tariff tensions have spoiled deal momentum in real estate; Wells Fargo hires new head of European CMBS desk

London-headquartered lender Standard Chartered issues a €238 million green loan to refinance one of Dublin’s tallest buildings; MSCI reports tariff tensions and geopolitical uncertainty have spoiled investment momentum in global real estate; San Francisco-headquartered investment bank Wells Fargo hires James Hawkins to lead its European commercial mortgage-backed securities desk; and more in today’s briefing, exclusively for our valued subscribers.