Term Sheet

Term Sheet: Mavik’s capital mark; CDPQ’s construction pick-up; Fundraising’s debt dial-up

Mavik Capital catches debt fundraising tailwinds with a $350 million first close of its second special opportunities strategy; Caisse de dépôt et placement du Québec builds on its construction financing relationship with Tishman Speyer through a $331 million development loan; Capital raising momentum returned in spades in the first quarter of this year with debt strategies catching steam; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Patron’s move into debt, Blackstone’s £798m CMBS, UK REITs in managers’ crosshairs

Patron Capital Partners is the latest high-profile manager to expand into the debt market; Blackstone fuels the European CMBS market with a major UK deal; The privatisation of some UK listed REITs gets closer; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Real estate’s tariff reality; Ares’ industrial balance; Affinius’ extended streak

The US commercial real estate debt market is contending with waves of volatility following the implementation then overhaul of broad tariffs by President Donald Trump. In lending news, Ares has refreshed some of its stateside industrial exposure with a $536.9 million CMBS refinancing package; Affinius extends its lending streak with a $215 million construction deal in Manhattan’s Midtown South neighborhood; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Lenders react to tariff turmoil, Brookfield asks for German debt extension, change at the top for Blackstone’s lending business

Real estate lenders try to make sense of the potential impacts of US President Donald Trump’s tariffs; Brookfield seeks an extension to securitised debt behind a German residential portfolio; Blackstone’s head of real estate debt in Europe to retire, with a replacement lined up; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: CDPQ’s real estate balance; Hudson Pacific’s CMBS refuel; Nuveen’s leadership change

Caisse de dépôt et placement du Québec’s real estate business is finding more alignment between risk and return across its C$77 billion portfolio; Hudson Pacific lines up $475 million of CMBS financing to recharge a half-dozen grouping of West Coast offices; Nuveen taps Chad Phillips to succeed Chris McGibbon to lead its global real estate platform; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Property debt specialists assess tariffs’ impact, Brookfield seeks Citypoint restructuring, CBRE IM sources €1bn financing package

Real estate debt professionals consider the impact of Trump’s tariffs on the industry; Brookfield asks for time to restructure debt held against the Citypoint office tower in London; CBRE Investment Management sources €1 billion of financing to support its plans for a European property fund; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Chicago’s CMBS charge; S3’s borough backing; agencies’ potential fate

A wave of early-year commercial mortgage-backed securities deals is spelling refinancing tailwinds for Chicago’s Salesforce Tower; S3 Capital upsizes its origination appetite with a $300 million construction package for a Queens mega-development; a blurry outlook for Fannie Mae and Freddie Mac is leaving agency lenders in a grey area; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Takeover target Warehouse REIT refinances, DWS plans fundraising drive, eurozone NPLs creep up

UK logistics company Warehouse REIT, which is subject to a takeover bid, secures a major refinancing; German manager DWS to hit the fundraising trail for its whole-loan strategy; EBA data shows commercial real estate NPLs are creeping up in the eurozone; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: UK REITs in play, CMBS spree continues, I-RES refinances

As US firms target UK REITs, Real Estate Capital Europe considers the financing implications; A second Blackstone CMBS this year comes to market; Ireland’s I-RES secures €900 million in a major refinancing; and more in today’s briefing, exclusively for our valued subscribers.