Capital Markets

The firm’s European credit platform has now closed four transactions this year.

The 21st Century ROAD to Housing Act aims to spur new housing development and put guardrails on institutional ownership.

Sponsors need to close the door on a wave of 2021-vintage, floating-rate loans that are approaching or have reached their final maturity.

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

The sponsor, Gemdale USA, will use proceeds to refinance existing debt.

Josh Scoville, global head of research at the Houston-based manager, sees a more resilient outlook for the sector.

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

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

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.

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