The pair, veterans of the Los Angeles-based real estate private credit manager, are planning an expansion while maintaining the firm’s core focus and values.
The financing marks the largest C-PACE deal to date in Nevada.
Tishman Speyer purchased 422 Fulton Street, a Brooklyn mixed-use property housing a Macy’s department store, in 2015.
Sponsors Metro Loft Management and David Werner will convert the former Pfizer headquarters in midtown Manhattan.
JPMorgan Chase structured the transaction via Freddie Mac’s Multifamily Q series.
Todd Henderson, co-global head of real estate at New York-based manager DWS, believes interest rates will be range-bound in the coming months.
The New York-based investment manager earlier this year completed two significant acquisitions, said Marc Zahr, co-president and head of real estate.
The firm is stepping into areas that were once more prominently the domain of banks.
Speaking at the Federal Reserve’s annual 2024 Jackson Hole conference, chairman Jerome Powell delivered the news that the US central bank could cut rates at its September meeting.
The financing for Zeckendorf, Atlas and Baupost will fund the construction of the luxury 80 Clarkson development.