North America

Bridge closes latest debt fund at $2.15bn

Bridge Debt Strategies V’s investment plan includes originating first mortgages and buying debt securities.

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.

Blue Owl funds $150m loan to back Alterra IOS acquisition venture

The New York-based alternatives manager is expanding its real estate credit platform into the industrial outdoor storage sector with the facility.

TPG, Andover self-storage JV looks at new sectors after hitting $500m milestone

The venture is now expanding its footprint into the industrial and car wash sectors.

X-Caliber sharpens multifamily bridge lending program

The alternative lender is updating its bridge program to tap into more mid-market opportunities for stabilized and near-stabilized assets.

Inside PGIM’s investment in Bridge Housing’s latest impact fund

While the New Jersey-based real estate investment manager made an equity investment in the fund, the allocation opens the door for PGIM to tap into its Freddie Mac, Fannie Mae and FHA lending platforms to help finance deals.

Exclusive: Greystar holds $1.27bn close of second closed-end credit strategy

The Charleston-based manager surpassed its original $750m target for the real estate credit vehicle and has already committed $1.8bn in loans.

HKS rolls out equity platform as need for complex capital structures rises

The New York-based advisory, which focuses more on the debt markets, is seeing a rise in requests for debt and equity from its clients.