Sectors

LGPS Central, which invests on behalf of local government pension schemes, has allocated to the US manager’s CMI Europe.

Birmingham-headquartered firm says investors are seeking regionally focused real estate debt strategies.

The US manager provided the loan for a student housing development near the University of Central Florida that will be delivered in two phases.

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

The firm raised $528m for Pearlmark Mezzanine Debt Fund VI, exceeding its cap of $475m.

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.

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

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.

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

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