Multifamily Housing

The investment manager rearranged the capital stack and secured a debt infusion on five multifamily properties in the Sun Belt region.

The senior bridge financing will be used by Reger Holdings to recapitalize EastVillage and the Linden Residences.

The developer, Terra, will use the financing for the first phase of a $1bn mixed-use community in South Florida.

The firm sees a clear opportunity to expand its platform as banks scale back their commercial real estate lending platforms.

The firm raised approximately $1.2bn for CRED III, which is already over 40% deployed.

The New York-based manager will focus on large-balance loans through the fund, including bridge and construction deals in the mid-market.

The minority-owned emerging manager is raising $500m for a strategy that seeks to keep ‘struggling families’ in their homes and find ‘hidden alpha’.

Evergreen has raised $1bn in capital commitments following initial seed and involvement from Prosperity Asset Management.

The London-based investment management company is seeking a cornerstone investor for its US-focused lending venture with Quadrant Real Estate.

The firm anticipates another capital closing before year-end and then a final close late in the first quarter.