California

Avila holds second close of sequel real estate credit strategy at $200m

Toll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.

LACERS commits $150m to real estate private credit strategies

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

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatization by the Canadian manager.

Mesa West funds $200m San Francisco multifamily deal

The borrower is a joint venture between Interstate Equities Corporation and PGIM.

North Bridge hires ex-Wells Fargo executive to scale C-PACE platform

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

Avila holds $100m first close for second debt strategy

The firm lined up Hillwood as a lead investment partner en route to its $1bn target and a June 2026 final close.

CalSTRS’ current real estate refocus is demonstrably including more credit

The $370bn Sacramento-based pension fund has moved to support more multifamily and industrial-focused strategies, including a $250m commitment to Greystar’s second real estate credit fund closing this week.

Bank OZK, Related fund $380m construction loan for $4bn Hines-backed project

The senior and mezzanine financing will be used to start development of the 200-acre Riverwalk San Diego project in Southern California.

Cottonwood holds final close for special situations strategy on $1bn

The Los Angeles-based manager has used the fund to add exposure to logistics, data centers, multifamily and mixed-use assets.