Debt

The project’s capital stack also includes a senior loan from Kennedy Wilson and junior mezzanine financing from InterVest Capital Partners.

The firm has been active as a senior and mezzanine lender and worked in both capacities to back Pearlstone Partners’ development of an Austin condominium project.

The borrower is a joint venture between Blue Vista and Cabot, Cabot & Forbes, owners of a Class A property in the Brighton submarket.

The structure of RCG Venture’s acquisition of a $1.8bn retail portfolio, which includes buckets of non-real estate capital, presents a framework for a new kind of deal in the sector.

The Trump administration’s move to implement global tariffs will hit the lending, construction markets hardest, KPMG’s Roger Yang believes.

Value creation and the need to scale will push more real estate investment trusts and private investment companies into consolidation mode, according to Tim Bodner, a partner in PwC’s real estate practice.

Retail-focused manager RCG Ventures has closed on the first phase of its deal to take private 100 assets owned by listed REIT Global Net Lease.

Current property boss and long-time executive Chris McGibbon will retire after nearly 24 years with the company.

Nuveen Green Capital’s Jessica Bailey talks about the potential runway for the niche financing strategy.