West

Ares’ SoCal retail trophy financing demonstrates private credit expansion

The Los Angeles-based manager picks up exposure to the kind of hard-to-replicate asset that previously was most often financed by bank lenders and the securitized market.

Ares funds $447m acquisition loan for SoCal retail trophy

A sponsor group including Redwood West, Panattoni and Prime purchased Victoria Gardens from Brookfield Properties and QIC in a $530 million deal.

Avila holds second close of sequel real estate credit strategy at $200m

Toll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.

LACERS commits $150m to real estate private credit strategies

The $27bn system is currently below its real estate target allocation.

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatization by the Canadian manager.

Blackstone lands $3.05bn CMBS refi for Vegas resort

The US private-label CMBS market continues to be driven by large-ticket transactions.

Mesa West funds $200m San Francisco multifamily deal

The borrower is a joint venture between Interstate Equities Corporation and PGIM.

North Bridge hires ex-Wells Fargo executive to scale C-PACE platform

Kelly Souza will lead West Coast originations as well as lender partnerships to fuel the New York-based manager’s next growth phase.