Debt

LaSalle lines up $700m for open-end debt strategy

The firm secured commitments from investors in the US, Australia, Canada and Asia.

Apollo originates $785m loan for RXR-backed office acquisition

RXR and Elliot Investment Management are purchasing 590 Madison Avenue for $1.08bn from the State Teachers Retirement System of Ohio.

RXR, Liberty Mutual to deploy $1bn into real estate credit after JV expansion 

Liberty Mutual Investment’s up to $1bn commitment will help RXR grow its existing platform and pursue financing opportunities for multifamily properties nationwide.

Madison Realty renews Miami River backing with $350m bridge loan

The fresh round of financing will see Flow and Yellowstone Trust added as majority owners of the Brickell-area mega-development formerly spearheaded by Chetrit Group.

Intervest, Builders originate $160m financing for Disney-branded resi development

The funding will be used for the completion of the first phase of Cotino, a 1,900-unit master-planned community in Rancho Mirage, California.

Private real estate debt’s stabilizer effect

Real estate private credit is shifting from an opportunistic allocation to a core portfolio component.

Nuveen Green Capital raises $785m for third C-PACE strategy

The Nuveen affiliate has expanded its stateside and international investor base as the financing niche finds steadier mainstream usage.

Sabal acquires roughly $200m NPL portfolio

The deals illustrate the need for rescue capital amid a higher-for-longer interest rate environment.

Blackstone’s LePatner killed in NYC shooting

The CEO of the mega-manager’s non-listed REIT and global head of its core-plus real estate business was 43.