The Miami-based alternative lender anticipates a rise in distressed transactions – but in a way that is very different than in past cycles.
The $11bn pension fund will be launching searches for managers imminently.
The live-work development’s funding includes a $155.5m C-PACE component.
The system has rebalanced its portfolio, increasing its private real estate debt target and decreasing that of its core real estate by 2% each way.
The most significant commercial property financing transactions across US debt markets, collected in our data snapshot, updated every Tuesday.
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.