Residential

The firm lined up co-investment from a consortium of international partners for the credit facility.

The commercial real estate lending market is emerging from a period of uncertainty into one of renewed opportunity, says SitusAMC’s Anne Jablonski. The winning lenders will be those who know how best to leverage expertise.

With $1.8trn of ZIRP-era loans now maturing, the market is shifting from extend-and-pretend to disciplined resolution, and abundant capital is bifurcating sharply between prime assets and distressed pockets.

Nuveen Green Capital, Morgan Stanley and Barclays provided $856m in financing for the Boston mixed-use development.

The UK Prime Minister’s £10bn plan to fix the country’s housing shortage will create opportunities for debt providers.

The firm hopes to raise more than $1bn for the strategy by 2027.

Wealthy investors increasingly value the asset class’s stability as private markets distributions remain slow.

The firm funded a $281m financing backed by the residential component of Winthrop Center, a 62-story, mixed-use property in Boston owned by Millennium Partners.

The fund will originate senior and subordinate debt across asset classes and geographies around the US.

The firm also saw European origination volumes rise, according to Charlie Rose, global head of credit.