Opportunistic

S2 Capital acquires distressed apartments with $60m of rescue capital

The investment manager rearranged the capital stack and secured a debt infusion on five multifamily properties in the Sun Belt region.

Real estate’s ‘mind blowing’ climate financing need and other COP29 takeaways

Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.

Marathon funds $120m New York luxury condo development

The project, being developed by Ascendant Capital Partners, is in the city’s West Village submarket.

Criterion Real Estate Capital expands leadership team

The pair of long-serving real estate pros arrive at a time where Criterion is ‘positioned for prolific growth,’ per founder Chuck Rosenzweig.

Identifying the office of the future 

In this podcast, MSCI’s Jim Costello and Northwind’s Ran Eliasaf discuss softer headwinds for the office sector as well as the opportunity to lend on high-quality assets and perform office-to-residential conversion programs.

Sabal keeps sights on opportunistic, niche sectors to expand US debt portfolio

The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.

Waterfall Asset Management takes contrarian tack with CMBS, whole loan acquisitions

The manager is seeing opportunity at a time when most lenders and investors are staying on the sidelines.

TPG raises $750m in initial capital for debut real estate credit fund

The firm has launched the strategy at a time when real estate financing ‘is a pretty broken market,’ according to CEO Jon Winkelried.

PIMCO closes CREDF II amid sustained appetite for US debt

The Newport Beach-based manager has closed its second property credit fund on $3bn, more than double the size of its predecessor.

Benefit Street Partners closes $900m commercial real estate CLO

The manager expects high interest rates and lower deal volumes to restrict broader CLO market comeback.