Midwest

PGIM originates $228m refi for US industrial portfolio

The funding will be used by an undisclosed sponsor to refinance an eight-asset, 3.6 million-square-foot Class A industrial pool spanning six states.

Ohio Teachers to focus on income-producing assets as it repositions portfolio

The pension fund with $8bn in real estate holdings plans to continue selling office assets and limit its REIT exposure while prioritizing industrial and retail.

3650 Capital funds $42m loan for Inland self-storage portfolio

The firm originated the financing through its Real Estate Credit Solutions strategy for a self-storage portfolio backed by the Inland Real Estate Group.

3650 Capital provides $104m Chicago-area multifamily financing 

The financing was originated for Respark Residential and LaTerra Capital Management and was used to fund the acquisition of a 1,495-unit portfolio.

Blackstone lands a $2.05bn CMBS loan for QTS-sponsored data center portfolio 

Analysts expect to see more data center mortgages securitized through the CMBS market as properties reach post-construction stabilization.

Northwind taps into reset office values via $58m Chicago acquisition loan 

As distressed office properties continue to reach resolutions, lenders see financing opportunities amid increasing sale transactions.

Blackstone lands $3.05bn CMBS refi for Vegas resort

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

Capital One Healthcare funds $171m refinancing for national portfolio 

The financing package includes a $250m credit line that will support future deployment for the portfolio’s sponsor, Davis.

Truist, BMO close $343.6m loan facility for Alterra IOS portfolio

The industrial outdoor storage specialist used the funding to refinance maturing loans and secure 64 properties in Alterra IOS Venture II.