Debt

Speakers at last week’s ULI’s Spring Meeting questioned whether data center hype is outweighing real returns. That brings the relative safety of accessing the asset class via lending into focus.

The funding will be used to build the final component of a community in Hallandale Beach, Florida, focused on residential, retail and dining.

Macro volatility has not diminished managers from plans to debut or expand real estate private credit platforms.

Charney Companies will use the debt to build a 45-story, 182-unit tower at 95 Rockwell Place in the Fort Greene submarket.

The senior and mezzanine debt will be used by Tavros Capital and Charney Companies to acquire and pre-develop a 1,000-unit project in the Gowanus neighborhood.

Canopy Real Estate Partners, which in February launched its first real estate private equity fund, is set to expand the geographic focus of the venture.

Property Markets Group will use the funding to build a two-tower, mixed-use project in the city’s Brickell neighborhood.

The New York-based investment management company substantially exceeded its target of $100m.