Randy Plavajka
John Jacobs has been slated to take on senior portfolio manager responsibilities from Steve Bailey, who is retiring at year’s end.
The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.
Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.
The SASB CMBS deal was sponsored by a Tishman Hotel & Realty and MetLife IM joint venture.
The manager will be looking to originate its own loans, pursue securitized deals and acquire loans from traditional lenders as part of its real estate debt roadmap.
The former Affinius Capital head of credit capital markets will focus on private credit product expansion.
The 23-hotel CMBS financing will recapitalize properties across 10 states.
Partners is targeting $500m of initial investments with the door open for more capital commitments to Trinity on the table.
Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.
The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.