Regions

Town Lane, founded by Tyler Henritze, closed the fund at its hard-cap without the help of an IR team or placement agent.

The Cleveland-based real estate and fixed income manager and London-based infrastructure firm will have about $35.7bn in total AUM.

Starwood CEO Barry Sternlicht said the redemption limits for the firm’s SREIT are temporary. But similar limits could be also imposed on other private REITs.

The Canadian pension plan posted a 5% loss in the asset class, blaming the poor performance partly on rising interest rates.

Even before the vehicle’s liquidity issues emerged, capital raising from the investor group had fallen off a cliff last year.

But aggregate repricing in the region has been more limited than that of North America and Europe, according to a new report.

Amid delayed cuts, some firms continue to model lower borrowing costs, while others have not factored them in at all.

West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.

The four industrial properties located on the Texas-Mexico border were sold to two institutional buyers.

The US firm is aiming to hold a final close this summer for the globally focused vehicle, which would be its largest closed-end fund yet.