The first European CMBS deal of 2026 has priced, having been significantly increased in size, reflecting strong investor demand; UK life insurer Just Group writes a large loan as it increases its lending market presence; Pluto picks Ireland for the first loan through its tie-in with Blackstone; and more in today’s briefing, exclusively for our valued subscribers.
6 min read · 28 January 2026
Private real estate credit managers are fending off more anti-institutional rhetoric from the Trump administration’s Davos address; Prime Finance adds to office-to-residential conversion waves with a Southern California loan close; CREFC Miami signals more optimism and competition to come for private credit lenders; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 22 January 2026
Property industry figures expect Trump’s latest tariffs threat to have a limited impact on Europe’s real estate markets; Goldman Sachs boosts Puma Property Finance’s first commingled fund vehicle with a back leverage facility; credit funds remain a popular route into European property markets, according to an investor intentions survey; and more in today’s briefing, exclusively for our valued subscribers.
5 min read · 21 January 2026
Benefit Street Parters has stacked $3 billion in capital commitments at final close across vehicles linked to its flagship US real estate debt series; Nuveen Green Capital and Mavik Capital Management are funding a Washington, DC office-to-residential project with $575 million of financing; SL Green secured a $480 CMBS loan to bulk its Manhattan office portfolio with a Park Avenue Tower addition; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 15 January 2026
Our first edition of 2026 brings news of major data centre financings in Ireland and Germany, with more than €2bn of financing across two deals; Blackstone sponsors the first European CMBS launched in 2026; Nuveen appoints its next global head of real estate debt; and more in today’s briefing, exclusively for our valued subscribers.
4 min read · 14 January 2026
A pair of partnerships arrived this week, led by Barings and Mubadala’s $500 million real estate debt joint venture launch, while Greystar and Pinnacle Bank have structured a bridge lending collaboration supported by the manager’s credit opportunities strategy. Plus: Lument rounds off a resurging year of commercial real estate collateralized loan obligation issuance with a $663.8 million offering; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 18 December 2025
In this final edition of Term Sheet for 2025, the key themes of the year are examined in the latest edition of The PERE Podcast; Middle Eastern sovereign wealth fund Mubadala forms a global real estate debt joint venture with Barings; Blackstone participates in the European CMBS market for the first time as a lender; and more in today’s briefing, exclusively for our valued subscribers.
6 min read · 17 December 2025
Two banks back the purchase of London’s ‘Can of Ham’ office building in a significant deal for the resurgent sector; Cheyne Capital finances an upscale Spanish resort; REC Europe’s Active Lenders list is examined on the latest episode of The PERE Podcast; and more in today’s briefing, exclusively for our valued subscribers.
7 min read · 11 December 2025
A Realty Income preferred equity stake and roughly $3 billion CMBS loan have been lined up by Blackstone to refinance a pair of 2021-acquired Las Vegas hotels; CREFC and NCREIF add another layer of debt fund transparency for the commercial real estate sector with an index launch; Urban Investment Group goes back-to-back in New Jersey with another development deal locked in; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 11 December 2025
Private credit managers unpack the complexities of finding loan exits in the latest magazine edition of PERE Credit; Nuveen shifts capital-raising gears on its way to a $650 million final close of its first US strategic debt strategy; office-to-residential conversion projects get another capital jolt with Apollo and GIC’s $835 million refinancing of 25 Water Street; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 04 December 2025
