Berkshire and Limekiln are set to target more bridge lending opportunities following a $2 billion capital raise for a joint strategy; The real estate executive shuffle has kicked off with GIC, Madison Realty and Parkview each making senior appointments; North Bridge and ACORE Capital blend C-PACE and senior lending for a $161 million Las Vegas construction deal; and more in today’s Term Sheet, exclusively for our valued subscribers.
Tishman Speyer and Henry Crown have kickstarted 2025’s CMBS activity with a $2.85 billion financing package for Hudson Yards’ Spiral; Brookfield is not backing off debt opportunities with a $484 million Bay Area life sciences financing in the bag; Fitch outlines more CMBS volatility for offices as other sectors regain footing in 2025 and beyond; and more in today’s Term Sheet, exclusively for our valued subscribers.
PERE Credit’s most-read stories include forward-looking interviews with senior real estate executives detailing expansion plans and our annual ranking of real estate debt funds.
Bell Partners CIO Nickolay Bochilo predicts both supply and demand of US multifamily housing could come under pressure.
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.
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.
Private real estate credit managers are looking toward rates, rent regulations and zoning for momentum indications following US election; Brookfield seals a timely $700 million refinancing to re-up its Denver area retail exposure; Nuveen Green Capital notches a personal record $220 million C-PACE deal for NorCal office tower; and more in today’s Term Sheet, exclusively for our valued subscribers.