People

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

Senior real estate credit executives anticipate better fundraising roads ahead at a launch event for the global PERE Credit 100 ranking; Qualitas has lending sights set toward Europe following the acquisition of Starz Real Estate; Federal Reserve chair Kevin Warsh delivers a recurring chorus of interest rate holds at his debut conference; and more in today’s Term Sheet, exclusively for our valued subscribers.

Owner of Belgium’s Finance Tower sues CBRE Loan Services over a valuation dispute with lenders to the office building; Patron Capital Partners makes its first direct loans; Stoneweg appoints head of credit and the firm outlines plans to deploy €500 million of real estate debt; and more in today’s briefing, exclusively for our valued subscribers.

Starwood Capital has scored a critical agency refinancing line with $1.7bn of capital set to back a 12,955-unit affordable and workforce housing portfolio; ACORE Capital and Mavik Capital are blending senior debt and preferred equity to complete and lease-up a multifamily project in Washington; KKR has globalized its lending operations with the promotion of Joel Traut to oversee the firm’s full platform; and more in today’s Term Sheet, exclusively for our valued subscribers.

Kelly Souza will lead West Coast originations as well as lender partnerships to fuel the New York-based manager’s next growth phase.

Prior to joining Fidelity, Hughes headed Marcus & Millichap’s capital and launched and ran its debt platform.

Caisse de dépôt et placement du Québec’s head of real estate sees balancing the needs of the pension’s stakeholders and partners as key to finding the right formula for its C$77bn real estate portfolio.

Robin Potts, co-head of real estate investments at Canyon Partners, talks with Real Estate Capital USA about navigating a period of historic volatility.

As of March, MetLife Investment Management had $70.8bn in commercial mortgage loans AUM as part of its $99.5bn commercial real estate portfolio.

The mortgage REIT is building out full-service lending platform.