Regions

Lenders welcome Fed’s latest cut but underscore need for lower long-term rates

Commercial real estate remains an interest-rate-sensitive asset class, particularly with respect to longer-maturity rates.

How private real estate credit managers are chasing alpha

The evolution of the commercial real estate private credit market means fund managers have multiple options for lenders and investors.

AscentDS funds $400m homebuilder construction facility

The borrower, Thomas James Homes, is the largest single-lot homebuilder in the US.

Central 9 Logistics Park: Picking an industrial spot

Madison Realty Capital has provided $654m in senior and mezzanine financing to advance the completion of the logistics park in Old Bridge, New Jersey.

TPG closes $285m bridge loan for Brooklyn multifamily property

The funding will be used by an affiliate of Madison Realty Capital to refinance the 473-unit Greenpoint Central in the asset’s namesake submarket.

Blackstone’s 2021 Las Vegas hotel bet pays out with refinancing, stake sale set

The manager is refinancing debt on its ARIA Resort & Casino and Vdara Hotel & Spa via a CMBS loan and a preferred equity sale.

Sun Life’s private markets manager targets double AUM under Kalsi leadership

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.

Sculptor’s early investments for its $4.6bn opportunistic fund reveal a cautious stance

The bulk of the deployment for Sculptor Real Estate Fund V has come via mezzanine debt and preferred equity investments, indicating how some opportunistic investors are mitigating risk.