Northeast

The pair of long-serving real estate pros arrive at a time where Criterion is ‘positioned for prolific growth,’ per founder Chuck Rosenzweig.

The joint venture this week recapitalized New York’s 620 Fifth Avenue via a five-year $320m loan.

The $3.5bn transaction is the largest commercial mortgage-backed securities sale since 2021.

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

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

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

The private equity manager is taking a minority stake in North Bridge as part of the deal.

Slate’s financing arm has focused on development and construction completion investments year to date.

The duo extend debt for four years on the office asset amid sector volatility.

The firm is targeting more RIA and family office allocations to continue investment momentum.