News & Analysis

Virginia Retirement System makes $250m ACORE fund allocation

The $136bn system has invested in the San Francisco-based manager’s ACORE Credit Partners III and its series predecessor.

Madison Realty Capital, KSL fund $371m Nashville mixed-use development

Tidal Real Estate Partners will use the financing for the development of The Nashville EDITION, a hotel and residential development.

Atlas Real Estate launches small-balance lending platform

The firm has also launched a targeted $150m fund focused on providing short-term loans to borrowers on the East Coast and in the Sun Belt.

Derby Lane closes $191.5m office-to-resi loan for GFP’s 40 Exchange Place

The 20-story tower in Manhattan’s Financial District will be converted into a 382-unit multifamily property with a mix of market-rate and affordable housing.

ACORE lines up first CRE CLO with $1.1bn offering 

The San Francisco-based investment manager is collateralizing the deal with loans tilt toward multifamily, industrial and retail assets across 15 states.

North Bridge sets a C-PACE template with New York City’s first multifamily closing

JEMB Realty will use the $8m loan to fund Herald Towers’ infrastructure upgrades alongside existing debt from Blackstone and Corebridge.

Blackstone lands $3.05bn CMBS refi for Vegas resort

The US private-label CMBS market continues to be driven by large-ticket transactions.

Principal’s Hill sees a return to traditional real estate investing 

Income will increasingly be the focus for debt and equity managers seeking to deploy capital, says Rich Hill, senior managing director and global head of research and strategy at Principal Real Estate.

Blue Owl closes $335m refinancing of Wynwood Plaza in Miami

The floating-rate bridge loan will be used by L&L Holding Company and Oak Row Equities to retire construction debt and fund remaining leasing costs.