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.
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.
The $3.5 billion refinancing of New York’s Rockefeller Center affirms there is still debt capital ready to move for owners of premier office assets; Crow Holdings Capital is out on the road raising a real estate credit fund, joining peers making similar moves this year; Ares Management has solidified more industrial sector exposure with a $475 million financing for a 25-asset portfolio; and more in today’s Term Sheet, exclusively for our valued subscribers.
New York Life is upping its industrial debt exposure this week with a $570 million financing for EQT Exeter; SL Green and RXR Realty are contending with obstacles at Worldwide Plaza with the office’s loan sent to special servicing; Barings looks to its North Carolina backyard for a $134 million financing for a mixed-use multifamily asset in Raleigh; and more in today’s Term Sheet, exclusively for our valued subscribers.
C-PACE financing gathers more momentum with Nuveen Green Capital and CDPQ linking up on a $600 million investment initiative; continued stasis is causing some lender and sponsor exhaustion in the real estate market, but Expo Real attendees show signs of stateside dealflow optimism; Monarch Alternative Capital outlines its real estate credit, CMBS and equity investing priorities with the close of its $4.7 billion fundraise last week; and more in today’s Term Sheet, exclusively for our valued subscribers.