Residential

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

The borrower is an affiliate of Fort Partners, a developer based in Fort Lauderdale, Florida.

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.

Empira’s investment strategies include European residential, US residential, transition-to-green and real estate credit.

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’.