United States

Bridge picks up Florida apartments in deed-in-lieu deal

A New York multifamily firm gave the keys back to Bridge Investment Group after owning the apartments for three years.

Blackstone lines up $8bn for final close of BREDS V

CalPERS backed the manager’s latest debt strategy with a $1.5bn commitment, while Illinois, New Mexico and Ohio institutional investment funds also contributed to the fundraise.

JPMorgan, Starwood mortgage REIT write $2bn loan on CIM’s Utah data center campus

The funding will allow the CIM-led JV to add another 145MW to the project – output already spoken for by an unnamed hyperscaler.

Sunrise Realty charts aggressive expansion course

The Florida-based commercial real estate lender wants to double origination as it grows its lending base.

400 Capital Management closes its fourth private credit fund

The credit fund drew capital commitments amid a shifting regulatory environment.

Rockpoint JV taps Apollo for Wall Street multifamily loan

The Boston-based manager, in partnership with Brooksville, acquired the property in 2016 for $421.5m.

Wellington hires PIMCO team for debt platform launch

Ravi Anand and three other PIMCO alum will establish the Boston-based manager’s real estate credit presence and outline plans for a flagship strategy.

Lone Star Funds snags $343m loan portfolio from Flagstar

The Dallas-based private equity firm acquired sub-performing loans from the former New York Community Bank.

Lessons learned from Blackstone’s Willis Tower’s debt extension

Blackstone’s maturity reset for the trophy office to 2028 shows managers still can extend loans on offices – as long as the equity is there.

RFR lands $160m refinancing for New York office tower

RFR was facing a potential foreclosure on 475 Fifth Avenue prior to securing the refinancing.