Capital Markets

PERE’s relaunch – The editors’ take

PERE’s editors share the biggest highlights from our newly integrated real estate capital markets service, which launched this week.

Pearlmark holds final close for sixth mezzanine debt fund

The firm raised $528m for Pearlmark Mezzanine Debt Fund VI, exceeding its cap of $475m.

Ohio Teachers to focus on income-producing assets as it repositions portfolio

The pension fund with $8bn in real estate holdings plans to continue selling office assets and limit its REIT exposure while prioritizing industrial and retail.

Iran ceasefire collapse reignites rate-hike prospects for European borrowers

Swap rates in the UK and eurozone rose on news of a collapse in the ceasefire agreement between US and Iran on July 8.

Downgrades hit CMBS deal tied to troubled Paris office property

Credit rating agency KBRA took the action following the latest valuation of the asset.

Real estate debt managers help Bank of England shine light on private markets

Firms which rank among the biggest non-bank lenders to UK real estate are among those contributing to a major stress-testing exercise by the central bank.

What private real estate lenders can learn from David Bowie

This week’s CRE Finance Council conference in New York used the music of the legendary rocker to put today’s market into context.

Brookfield closes buy of $890m loan portfolio from Sunflower Bank

The FirstSun Capital Bancorp affiliate sold the performing multifamily commercial real estate loan pool to reposition its balance sheet.

Northwind makes Los Angeles office debut via $132m financing

The loan was originated through Northwind Debt Fund III, the firm’s flagship closed-end credit vehicle.

3650 Capital provides $104m Chicago-area multifamily financing 

The financing was originated for Respark Residential and LaTerra Capital Management and was used to fund the acquisition of a 1,495-unit portfolio.