News

CenterSquare targets widening refi gap via $27m preferred equity deal

The firm will be part of a $135m capital stack backing a multifamily property in Philadelphia.

Madison Realty Capital funds $200m loan for West Palm Beach condo build

The luxury condominium property is backed by presold revenues and received competitive financing from the New York-based private manager.

LaSalle report cautions on prospects for higher rates as US-Iran conflict extends 

The Chicago-based manager notes a spike in oil prices could have a knock-on effect on the commercial real estate debt and equity markets.

LACERS commits $150m to real estate private credit strategies

The $27bn system is currently below its real estate target allocation.

Inside ACORE’s debut commercial real estate CLO 

The New York-based investment manager tapped a syndicate led by Wells Fargo to lead the deal.

Canyon Partners, JPMorgan close $156m refi package for Philadelphia industrial complex

The lenders jointly originated the financing to replace existing debt and fund the lease-up of the Class A, two-building Bridge Point Philadelphia.

Maturing real estate private credit market remains a distinct asset class

As real estate private credit enters its next phase, lenders underscore why the sector is different than the broader private credit market.

Apollo closes $420m office-to-resi construction loan for RXR-backed conversion

The debt funding will be used alongside a $55m tax equity investment from JPMorgan Chase to retool RXR and One Investment Management’s 61 Broadway.

No more ‘easy trades’: REIT take-privates could slow in reshaped market

In this episode of The PERE Podcast, editorial members across PERE titles and Gravis’s Matthew Norris unpack how opportunistic private real estate managers seeking discounted buys on listed markets may need to move with more speed as REITs signal renewed health.