Societe Generale leads a data center charge with a $600 million construction financing package for a Blue Owl-linked sponsor group; Pembrook Capital Management plans to launch two funds to fuel affordable and workforce housing stock; Barings looks to Boston’s Seaport District for a year-end $115 million refinancing deal; and more in today’s Term Sheet, exclusively for our valued subscribers.

Canyon Partners Real Estate puts its capital-raising abilities on display with $1.2 billion lined up for the third iteration of its real estate credit strategy; high-tier hospitality remains a refinancing bright spot with Fontainebleau lining up a $1.2 billion package for a Miami Beach resort; Tyko Capital continues its year-to-date origination run with a $280 million deal to convert New York’s 77 Water Street from office to residential; and more in today’s Term Sheet, exclusively for our valued subscribers.

Brookfield continues building its lending market share with a $1 billion loan portfolio acquisition from Valley National Bank; Partners Group expands its real estate credit footprint with the addition of Empira Group to its business portfolio; private credit managers and lenders look to private wealth for fresh fundraising avenues; and more in today’s Term Sheet, exclusively for our valued subscribers.

The index was at 24.46% in September, versus 24% in August and 23.71 percent in July.

ACORE Credit Partners II alone raised $1.4bn of capital in 2024.

The New York State Teachers’ Retirement System continues to be the top investor in US commercial real estate private credit.

Inside: The wealth channel – managers spy an opportunity for platform expansion; A special report on bridge lending; Expert comment and analysis from industry leaders; Plus much more…

Tyko Capital originated its third major Miami development loan since July; a non-performing loan on a Pittsburgh trophy office is up for sale via JLL; Lone Star names a new head of real estate; and more in today’s Term Sheet, exclusively for our valued subscribers.

Kennedy Wilson builds private lending scale with an estimated $1.2 billion of deals slated to close before year-end; the retail sector is having its moment in the spotlight as managers zero in on bigger deals and take-private moves; Mavik Capital comes up clutch with $172 million financing to complete construction for Houston-area luxury multifamily asset; and more in today’s Term Sheet, exclusively for our valued subscribers.

RXR is building out its real estate credit platform with industry veteran Steven Schwartz at the helm and a pair of Partners Group hires to fuel capital raising; Hines and Rialto Capital are launching a $2.5 billion credit fund to capitalize on high-quality US office financing opportunities; Nuveen Green Capital closes the first-ever C-PACE deal in New Mexico with sights on more; and more in today’s Term Sheet, exclusively for our valued subscribers.