Term Sheet

Term Sheet: US election’s real estate effects; Brookfield’s retail re-up; Nuveen Green Capital’s record C-PACE deal

Private real estate credit managers are looking toward rates, rent regulations and zoning for momentum indications following US election; Brookfield seals a timely $700 million refinancing to re-up its Denver area retail exposure; Nuveen Green Capital notches a personal record $220 million C-PACE deal for NorCal office tower; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: AEW’s latest assessment of Europe’s debt funding gap, Aareal financing its favoured sectors, a call for entries for the REC Europe Awards

Manager AEW has good and bad news about Europe’s refinancing crisis; DRC Savills Investment Management raises €200 million for the first-close of a pan-European whole loan debt vehicle, including general credit investors; time to enter Real Estate Capital Europe’s 2024 Awards; Invesco feels positive as lending activity increases; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: RXR’s credit expansion; Hines and Rialto’s office fundraise; New Mexico’s first C-PACE deal

RXR is building out its real estate credit platform with industry veteran Steven Schwartz at the helm and a pair of Partners Group hires to fuel capital raising; Hines and Rialto Capital are launching a $2.5 billion credit fund to capitalize on high-quality US office financing opportunities; Nuveen Green Capital closes the first-ever C-PACE deal in New Mexico with sights on more; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Rockefeller Center’s refinancing; Crow’s credit fund launch; Ares’ industrial recharge

The $3.5 billion refinancing of New York’s Rockefeller Center affirms there is still debt capital ready to move for owners of premier office assets; Crow Holdings Capital is out on the road raising a real estate credit fund, joining peers making similar moves this year; Ares Management has solidified more industrial sector exposure with a $475 million financing for a 25-asset portfolio; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Newcore’s social infrastructure financing, Goldman Sachs AM on normalised rates, a big change to the REC Europe Awards

Newcore Capital’s loan from HSBC demonstrates lender support for social infrastructure real estate; Goldman Sachs Asset Management’s outlook on the interest rate and real estate environments provides positive notes; Real Estate Capital Europe’s 2024 awards are due to be launched with a significant change to how the winners are determined; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: New York Life’s industrial ante; Worldwide Plaza’s servicing status; Barings’ backyard bet

New York Life is upping its industrial debt exposure this week with a $570 million financing for EQT Exeter; SL Green and RXR Realty are contending with obstacles at Worldwide Plaza with the office’s loan sent to special servicing; Barings looks to its North Carolina backyard for a $134 million financing for a mixed-use multifamily asset in Raleigh; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Bayes highlights lender competition, Redevco pushes into debt with key hire, PERE Deals launches

The latest Bayes Business School report on the UK financing market shows lenders are competing hard for the best deals; developer Redevco targets the lending market with a key hire from LaSalle Investment Management; PERE Deals launches to shed light on the capital behind the transactions; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Optimism at Expo Real, pbb plots new course, Greystar sources £600m BTR loan

A relatively optimistic tone was set at the Expo Real gathering in Munich this week, as market participants reported easing conditions; Germany’s pbb Deutsche Pfandbriefbank rethinks its strategy to focus on high-value sectors; US manager Greystar’s major financing by a consortium of banks demonstrates lender support for UK build-to-rent; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: CDPQ’s C-PACE supercharge; Expo Real’s semi-optimism; Monarch’s real estate priorities

C-PACE financing gathers more momentum with Nuveen Green Capital and CDPQ linking up on a $600 million investment initiative; continued stasis is causing some lender and sponsor exhaustion in the real estate market, but Expo Real attendees show signs of stateside dealflow optimism; Monarch Alternative Capital outlines its real estate credit, CMBS and equity investing priorities with the close of its $4.7 billion fundraise last week; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: PERE Credit’s October-November edition; ORIX’s US expansion; BSP’s $1bn CRE CLO

Office investing and lending is not without optimism as market participants break down the sector’s opportunistic evolution in the cover feature of PERE Credit’s October-November edition; ORIX USA sizes up a commercial real estate debt expansion with the hiring of Dean Dulchinos from AEW to spearhead its stateside ambitions; Benefit Street Partners adds a spark to the commercial real estate collateralized loan obligation market with a $1 billion close; and more in today’s Term Sheet, exclusively for our valued subscribers.