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JPMorgan Chase structured the transaction via Freddie Mac’s Multifamily Q series.

Todd Henderson, co-global head of real estate at New York-based manager DWS, believes interest rates will be range-bound in the coming months.

Speaking at the Federal Reserve’s annual 2024 Jackson Hole conference, chairman Jerome Powell delivered the news that the US central bank could cut rates at its September meeting.

With the transaction, Trimont will manage a total of $640bn of loans in the US, or about 11% of the US commercial real estate lending market.

The Boca Raton-based manager has hired Ian Russell from Singerman Real Estate as part of the initiative.

Willy Walker, chairman and chief executive of Bethesda-based Walker & Dunlop, sees signs of a market recovery.

Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.

Institutional investors are at or near their allocations to commercial real estate, which is also having an impact on capital raising.