Capital Formation

Avila holds second close of sequel real estate credit strategy at $200m

Toll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.

Resi conversions are helping to bring Manhattan’s office market back into favor

Tenant demand for a decreasing amount of space is leading bank and non-bank lenders to be more willing to finance developments, redevelopments and refinancings.

Maturing real estate private credit market remains a distinct asset class

As real estate private credit enters its next phase, lenders underscore why the sector is different than the broader private credit market.

BGO makes the case for real estate private credit in insurance company portfolios

The report, released this week, serves as both a primer and prompt on how the asset class would sit within an insurance company portfolio.

RXR seeds new $500m resi partnership with North Carolina

The duo has made a $64m structured equity investment in a Phoenix multifamily development.

What Blackstone’s mortgage REIT results tell us about a real estate recovery

BXMT reported positive investment and performance metrics, including an increase in performing loans and capital deployment in Q4 2025.

Virginia Retirement System makes $250m ACORE fund allocation

The $136bn system has invested in the San Francisco-based manager’s ACORE Credit Partners III and its series predecessor.

CenterSquare combines private debt and equity teams following co-CIO appointments

Robert Holuba will oversee the merged private real estate platform at the Pennsylvania manager while Dean Frankel will continue leading the public platform.

Breaking down Apollo REIT’s $9bn commercial real estate loan sale

Apollo Commercial Real Estate Finance this week sold the residential- and office-heavy portfolio to Athene, its insurance arm.