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Evergreen has raised $1bn in capital commitments following initial seed and involvement from Prosperity Asset Management.
The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.
The most significant commercial property financing transactions across US debt markets, collected in our data snapshot, updated every Tuesday.
The median real estate manager could beat private equity returns by 20 basis points over the next decade, he said at PERE Network’s America Forum.
The London-based investment management company is seeking a cornerstone investor for its US-focused lending venture with Quadrant Real Estate.
The pair of long-serving real estate pros arrive at a time where Criterion is ‘positioned for prolific growth,’ per founder Chuck Rosenzweig.
The firm anticipates another capital closing before year-end and then a final close late in the first quarter.
The New York-based investment manager originated the financing for an affiliate of Raven Capital Management.
The transaction is a record for the Nuveen affiliate and will be used to recapitalize a Class A office building in San Jose.
The partners see potential to originate loans on high-quality office properties around the US.