The nonprofit finance company aims to fund affordable housing by providing financing and training to help minority-owned real estate developers expand.
Monday Properties and Pacific Elm Properties this week also lined up financing for high-quality office assets.
Though industry adoption is in its early stages, more managers are moving to embed AI into their business strategies.
Partners is targeting $500m of initial investments with the door open for more capital commitments to Trinity on the table.
A narrative is emerging for high-quality offices that sit between behemoths like New York’s One Vanderbilt and commodity properties.
Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.
The roughly 670,000-sq-ft trophy office is about 90% leased.
The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.
The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.
Toronto-based Brookfield acquired the San Francisco properties via a foreclosure.