Niche Sectors

Private real estate credit is rewriting the hotel redevelopment playbook

The revitalization of dated hospitality assets has found renewed life and capital from debt fund managers.

Madison Realty funds $480m loan for Manhattan office-to-resi project

The firm is adding to its New York City conversion tally with 1740 Broadway’s reconfiguration into a 420-unit residential offering.

3650 Capital funds $42m loan for Inland self-storage portfolio

The firm originated the financing through its Real Estate Credit Solutions strategy for a self-storage portfolio backed by the Inland Real Estate Group.

Blue Owl funds $975m Virginia data center refinancing

A joint venture between Affinius Capital and Corscale will use the funding to support a 72MW power facility at the Gainesville Crossing campus.

Blackstone, JPMorgan AM close $281m IOS portfolio financing for Catalyst

The real estate debt managers will refinance 77 properties across 12 markets on behalf of Catalyst IOS Fund II.

MonticelloAM funds $435m financing for a skilled nursing portfolio

The portfolio includes more than 1,890 licensed beds in 14 facilities.

Blackstone funds $226m IOS portfolio refi for Jadian affiliate

The firm originated the loan through Blackstone Real Estate Debt Strategies for 46 industrial outdoor storage properties across 15 states.

What it takes to go solo in real estate private credit

Senior commercial real estate professionals are leaving established investment managers to launch their own firms. But the path is not always straightforward.

Apollo closes $420m office-to-resi construction loan for RXR-backed conversion

The debt funding will be used alongside a $55m tax equity investment from JPMorgan Chase to retool RXR and One Investment Management’s 61 Broadway.

Self-storage gains momentum as key private credit lending sector

Transaction volume in the sector rose 22% year-on-year in 2025, with a similarly robust year expected throughout 2026.