Sectors

PERE’s relaunch – The editors’ take

PERE’s editors share the biggest highlights from our newly integrated real estate capital markets service, which launched this week.

PGIM originates $228m refi for US industrial portfolio

The funding will be used by an undisclosed sponsor to refinance an eight-asset, 3.6 million-square-foot Class A industrial pool spanning six states.

TPG, Blomfield secure £100m to boost UK IOS strategy

Leumi UK provided the financing to help grow the JV’s Concreit platform.

Lending Barometer: Treasury spike chills US originations

The PERE Credit Lending Barometer, which tracks representative data on US and European commercial real estate lending, tracked $12.9bn of new originations across 93 transactions in the US in May.

Incus holds second close of €800m European asset-backed financing fund

The Spanish manager has raised 70% of targeted capital for the vehicle, which includes real estate lending in its remit.

Invesco set for record six-month Europe lending on back of €300m Carlyle loans

The US firm said H1 has been the most active period for its credit business in the region since its 2020 launch.

Blackstone, JPMorgan AM close $281m IOS portfolio financing for Catalyst

The real estate debt managers will refinance 77 properties across 12 markets on behalf of Catalyst IOS Fund II.

CBRE IM returns to bond market, raises €500m for logistics vehicle

The New York-headquartered manager’s green bond issuance was more than five times oversubscribed.

Morgan Stanley IM sees real estate private credit stability amid broader volatility

Elevated geopolitical risk has changed the risk-reward profile in real estate, leading investors to seek more defensive strategies.

Inside ACORE’s debut commercial real estate CLO 

The New York-based investment manager tapped a syndicate led by Wells Fargo to lead the deal.