Regions

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.

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.

Real estate private credit gets its chance to offer a data center financing lifeline

Banks behind Oracle-backed construction projects are shopping loan stakes to commercial real estate private credit lenders and forcing deeper risk considerations as a consequence.

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.