Term Sheet

Term Sheet: PERE Credit’s August/September edition; One Five One’s CMBS refi; Invesco’s top-tier addition

The latest edition of PERE Credit dives into the stabilizing role of commercial real estate debt in institutional portfolios; the growing momentum in the CMBS SASB market with the $1.3 billion refinancing of the Durst Organization’s One Five One tower in Times Square; the bolstering of Invesco’s senior ranks with the hire of Kim Hourihan to oversee its global real estate strategy; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Nuveen’s third C-PACE fund; S3’s capital call-up; Canyon’s Chicago capitalization

Nuveen Green Capital has lined up $785 million to expand its C-PACE lending presence across the stateside financing market; S3 Capital is teeing up a 2026 final close with $730 million of commitments already on tap for its latest credit fund; Canyon Partners keeps multifamily lending steady with a $106.3 million loan closing in Chicago; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Deutsche Bank issues Olympic-sized loan, MSCI finds tariffs impact on investment numbers, UK borrowers will suffer from rent review ban, warns CBRE

Deutsche Bank’s refinances London’s Olympia centre in one of the biggest debt deals of 2025; MSCI reveals Europe’s commercial real estate investment suffered from ‘Liberation Day’; CBRE warns of the consequences on real estate lending from a ban on upwards-only rent reviews; Hilco Real Estate Finance significantly reduces its lending rates; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: A European CMBS uptick, Bayes looks towards the continent, later living lending picks up pace

European securitisation ramps up with the pricing of a UK deal and the launch of a Spanish transaction; Bayes Business School provides a continental European perspective with its latest findings; UK bank NatWest announces its latest social housing financing initiative; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: SL Green’s office-geared fundraise; ACRE’s $1bn final close; Scale’s Bronx backing

SL Green is lining up more opportunistic office plays after surpassing the $1 billion target for its latest debt strategy; ACRE closes its second real estate debt strategy at $1 billion with an expanded investor base in tow; Scale is bulking its multifamily construction financing book with a $305 million development deal in the Bronx; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Starbucks HQ’s fresh CMBS brew; PERE’s H1 fundraising data; Thorofare’s regional shift

A $435 million CMBS loan is on tap to refill Daniels and Nitze-Stagen’s capital stack for Starbucks’ Seattle headquarters; affiliate PERE releases H1 global fundraising figures showing an increased allocation toward real estate debt; Thorofare Capital opts for a regional-geared model with its head of originations departing; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Helaba’s reported play for Aareal, CaixaBank’s science park backing, UK government aims to end upwards-only rent reviews

Germany’s Helaba is reported to be considering a takeover bid for Aareal in a potentially major consolidation in real estate banking; CaixaBank backs a Spanish science and technology parks platform as the sector gains in popularity; industry participants react to the UK government’s bid to end upwards-only rent reviews; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Tishman Speyer’s CMBS infusion; Värde’s Indiana adventure; Blackstone’s Jersey City bet

Tishman Speyer notches another significant CMBS-fueled refinancing with $330 million lined up for 300 Park Avenue; Värde Partners channels office-to-residential conversion momentum beyond gateway cities with a key repositioning in Indiana; Blackstone Real Estate Debt Strategies keeps its activity steady with more Tri-State area credit deals; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Rothesay’s £400m student loan, Tristan starts to deploy second debt fund, Homes England backs Birmingham scheme

In the second significant example of a UK student housing financing in two weeks, Rothesay has provided a major loan to Unite Group; Tristan Capital Partners has closed its first loan from its second debt fund; UK government body Homes England continues its push to finance regional residential properties, backing a Birmingham scheme; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Paris CMBS asset marked down, Maslow goes big on PBSA, Apollo leans into IOS

The latest valuation of a Paris-based asset, financed via a securitisation, highlights the continued challenges for some office properties; UK-based Maslow Capital writes its largest loan yet, in a major student housing financing; Apollo backs a UK industrial outdoor storage portfolio in a landmark deal for the niche sector; and more in today’s briefing, exclusively for our valued subscribers.