Moss Family Office subsidiary targets Texas, Florida housing projects with first $40m fund.
Yet, the agency is cautious not to draw too many big-picture conclusions.
Portfolio manager Karlis Ulmanis sees opportunity in the current environment.
The firm hired Ashleigh Simpson, who rejoins Grosvenor from MetLife Investment Management, to spearhead growth for the development financing platform.
Amid lingering uncertainty, the manager analyzes historic rates in an attempt to predict what is to come.
The data-driven manager sees mid-market, last-mile warehouses as a once and future investment strategy.
The New York-based manager believes lenders will be receptive to financing new deals and rehabs in the fast-growing sector.
Colliers arranged the financing on behalf of the borrower, North River Leerink.
US Bank announces mid-market focused lending team; Affiliate title PERE publishes inaugural list of the top 200 private real estate firms; Pembrook Capital Management brings on a new managing director; and more in today’s Term Sheet – exclusively for our valued subscribers.
The deal backs 3650’s forecast that there will be long-term demand for short-occupancy rental units in South Florida.