Term Sheet

Term Sheet: The view from MIPIM, Blackstone’s $8bn debt fundraising, back leverage analysed

Real Estate Capital Europe’s editorial team reports on the buzz at MIPIM in Cannes; Blackstone raises $8 billion as it targets debt markets; back leverage is the topic of our latest podcast; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: MIPIM’s repeat mood; RMWC’s hybrid launch; Zenith’s IOS expansion

Stateside volatility is a global concern for real estate debt and equity managers as heard this week at MIPIM; RMWC is setting up its flagship real estate debt strategy with the launch of a hybrid evergreen fund; Zenith IOS refinances a 30-asset industrial outdoor storage portfolio to maintain national exposure; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Trump’s enacted tariffs; Wellington’s debt launch; Madison Realty’s Brooklyn backing

Real estate market participants brace for volatility and potential near-term inflation from President Donald Trump’s tariffs; Wellington Management hires former PIMCO team to roll out its own private real estate credit platform; Madison Realty expands its New York City lending portfolio with $140 million deal in Brooklyn; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: REC Europe Awards winners revealed, Octopus’s fundraising drive, back leverage gets the industry talking

The winners across the 26 categories of the Real Estate Capital Europe Awards 2024 capitalised as the market entered recovery mode; Octopus Real Estate tests investor demand as it aims to raise its fourth lending fund; bankers, debt fund managers and advisers talk to REC Europe about the topic of the moment – back leverage; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Blackstone’s trophy extension; Apollo’s Bridge acquisition; Cain’s $300m mezz addition

Blackstone secures a critical extension on $1.3 billion of Willis Tower CMBS debt; Apollo picks up more credit capabilities with $1.5 billion acquisition of Bridge Investment Group; Cain International is adding $300 million of private mezzanine debt to its Beverly Hills mega-project; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: German election uncertainty, Henderson Park’s office refinancing, Apollo’s US acquisition

Managers expect some uncertainty following Germany’s election; Henderson Park’s refinancing of a Polish office portfolio indicates lender support for quality assets; Apollo’s US M&A deal grows its real estate debt and equity exposure; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: KKR gathers dry powder, Helical sources office scheme loan, back leverage comes into focus

US manager KKR readies itself for opportunistic debt investments with latest fundraising; UK property company Helical sources financing for London offices; Knight Frank Capital Advisory shines a light on back leverage; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Barings’ Artemis acquisition; Idaho makes C-PACE debut; Nuveen’s retail refinance

Barings is picking up additional credit capabilities via its just revealed Artemis acquisition; the first C-PACE financing ever in the state of Idaho is near, as Nuveen Green Capital expands its coverage; Nuveen and Torchlight also refinance a mega-retail center in Texas backed by Brookfield and CBRE IM; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Office’s CMBS recharge; Blue Owl’s fund plans; Brookfield’s high-net-worth focus

Top-tier office assets on the coasts are experiencing a refinancing boom fueled by commercial mortgage-backed securities deals; Blue Owl Capital is looking to further expand its real estate credit presence with a commingled fund launch; Brookfield cites high-net-worth investors as a critical focus as fundraising momentum picks up; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: A cautious welcome for the UK’s rate cut; a €615m Italian refinancing; Walker & Dunlop’s London hire

Real estate borrowers have greeted the Bank of England’s interest rate cut with a measured welcome; Italian REIT IGD replaces bonds and loans in a major refinancing; US advisory Walker & Dunlop pushes into the UK market with a key hire; and more in today’s briefing, exclusively for our valued subscribers.