Multifamily Housing

Eyeing long-term momentum in the multifamily market, the Origin Investment affiliate combined its credit strategies into a new fund.

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

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

The firm has also launched a targeted $150m fund focused on providing short-term loans to borrowers on the East Coast and in the Sun Belt.

The 20-story tower in Manhattan’s Financial District will be converted into a 382-unit multifamily property with a mix of market-rate and affordable housing.

JEMB Realty will use the $8m loan to fund Herald Towers’ infrastructure upgrades alongside existing debt from Blackstone and Corebridge.

The firm struck a near-split between refinancing and acquisition deals across $4.5bn of loan commitments in 2025 across North America and Europe.

Real estate private credit managers are capitalizing on the opportunity set around the US housing shortage.

As new supply slows, private real estate lenders are adopting targeted ways to fund multifamily construction.