Shihao Feng
The operator secured the first mortgage financing arranged by JLL Capital Markets.
The PERE Credit Lending Barometer tracked 80 loans totaling $14.04bn across September and October.
The global real estate manager has been building out its debt market share and has shown appetite for similar deals.
The fund will eye opportunistic and thematic investments in real estate credit.
Brookfield’s high-profile real estate executive discussed where the firm sees the growth potential in real estate credit investments.
Interest rate volatility and policies that could affect housing and industrial development are in the spotlight.
The partners see potential to originate loans on high-quality office properties around the US.
The joint venture this week recapitalized New York’s 620 Fifth Avenue via a five-year $320m loan.
The $3.5bn transaction is the largest commercial mortgage-backed securities sale since 2021.
The manager is targeting growth opportunities amid CMBS market dislocation.