North America

Investor watch: New York State Teachers, CPP emerge as top real estate private credit investors

CPP Investments was second, with $1.24bn allocated.

Bayview adds ex-Kayne Anderson exec to head real estate debt

Andrew Smith will focus on expanding the Florida manager’s credit platform as it plans fund launch.

ORIX hires Dulchinos for US real estate credit expansion

The firm is seeking to develop, raise and deploy credit-geared strategies.

Benefit Street Partners closes $1bn CRE CLO

Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.

Prime, BridgeInvest collaborate on $110m portfolio acquisition financing

The funding will be used as part of an $180m deal to buy a 1,326-unit portfolio in New York City.

3650 REIT lines up $430m of new commitments via CalSTRS, Temasek

The Miami-based national real estate lender also brought on an undisclosed wealth advisory firm in its first commitment of this kind.

Nuveen Green Capital closes $40m Houston data center C-PACE deal

The funding was arranged by Lone Star PACE and will be used to develop data centers in the Texas city.

Analysis: Putting September’s rate cut into context

The bottom line is that directionally, lenders and borrowers have more confidence in the Federal Reserve’s progress on inflation and a softening economic backdrop.

Affinius, AB CarVal and RHF originate $230m hotel acquisition financing

The funding will be used by Gencom as part of a $308m deal to buy the Thompson Central Park New York hotel.

Analysis: Surprise 50 basis point rate cut sets more stable course

The Federal Reserve’s decision to cut interest rates by 50 basis points is not expected to have a significant impact on commercial real estate lending and borrowing.