North America

Kayne Anderson Real Estate acquires $1.3bn Synovus Bank medical office loan portfolio

Bank sale mirrors similar moves by Capital One and Pacific Western Bank to add liquidity amid market stress.

CIM originates $63m of Florida hotel loans as part of larger shift into sector

CIM Group is responding to what it sees as an upswing in business and leisure travel as the US moves past the covid-19 pandemic.

PGIM originates $455m refinancing for SoCal industrial portfolio

Alere to use funding to recap assets across Los Angeles, Orange County and the Inland Empire.

Looming maturity wall gives rise to new ‘blend and extend’ strategy 

Blend and extend is the latest iteration of the ‘extend and pretend’ strategy frequently seen in the wake of the Global Financial Crisis.

PGIM’s Farrell outlines large loan, preferred equity opportunity amid bank pullback

Lack of money center banks is creating more space for private credit lenders with multifamily, industrial and construction lending.

FDIC looks to offload Signature Bank loan portfolio by year’s end

Agency outlined parameters for prospective buyers across 14 pools of $33.2bn loan book.

PGIM Real Estate reconfigures leadership following alts business launch

Cathy Marcus and Raimondo Amabile will become co-CEOs of the New Jersey-based manager in October.

How to solve a problem like a WeWork landlord

Owners of office buildings where the flexible space provider is a major tenant are in a predicament, whether or not the business survives.

Borrower view: S2 Capital sees surge in multifamily deal flow 

The Dallas-based manager is still struggling with pricing on the properties which come across its desk.