Debt

Ares JV taps CMBS market for Hyatt Orlando acquisition

A group of lenders including Wells Fargo Bank, Bank of America and Deutsche Bank is providing a $620m acquisition commercial mortgage-backed securities loan.

DWS hires DeWaltoff to head US real estate debt platform

The hire is part of a global push to expand its commercial real estate credit platform.

A&E set to scale its debt platform

The New York-based multifamily-focused manager will expand its lending via partnerships with other lenders and government-sponsored entities.

Analysis: Higher rate cycle dragging down capital formation, deployment

Institutional investors are at or near their allocations to commercial real estate, which is also having an impact on capital raising.

Borrower profile: RREAF navigates impact of rising insurance costs 

The firm incorporates the potential for natural disasters, like flooding or hailstorms, into its investment calculus as it seeks to invest.

Trinity launches platform to target private credit, special situations

Honolulu-based manager makes key hires to deepen the firm’s focus on destination hotels and resorts in the US.

Analysis: Lenders lean into industrial recalibration

An oversupply of industrial space built during the covid-19 pandemic is presenting opportunities for redeveloping larger spaces into smaller suites.

KKR’s Nuttall: Credit opportunity remains compelling

Real estate equity in the US and Asia helped to drive the firm’s Q2 deployment in real assets to the highest level in over two years.

Goldman, Wells Fargo lead $560m CMBS refi of Ares-backed resi tower

The funding will be used to recapitalize luxury 3ELEVEN tower south of Manhattan’s Hudson Yards.

Northwind closes $95m New York office loan 

Sponsors Lloyd Goldman and David Werner see the potential to convert the building at 100 Wall Street into a residential property.