Value-Add

The funding is part of a $269m recapitalization for BFC and SAA Canopy’s planned 393-unit rebuild of Parkside Commons.

The $8.9bn pension aims to commit $15m-$30m to real estate credit in 2026.

Andrew Schwartz, the Melbourne-based manager’s co-founder, says Europe’s lending market offers significant scope for growth.

The £340m loan on EDGE London Bridge is the UK manager’s largest since establishing its debt platform in 2021.

The Melbourne-based manager has added a European platform through the purchase of the mid-market lender.

CIM’s Daniel Ottensoser discusses how liquidity-constrained areas of the real estate credit markets may offer attractive risk-adjusted return potential

The fund from the Irvine, California-based manager comes at a time when lenders are rolling out more focused strategies.

Dallas-based Invesco’s North America head of real estate cited near-term maturities, expiring rate caps and rising insurance costs as critical issues for the sector.

Miami manager will allocate $175m toward providing debt financing for value-add and distressed opportunities.