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The city has seen many multifamily deals in recent months, but concerns remain around affordability.
RREAF is a repeat borrower with 3650 REIT.
The US-based mortgage REIT has formed a joint venture with London-based Starz Real Estate to provide property loans.
Financing to fuel renovations on One Biscayne Tower, a Class A office asset in downtown Miami.
Moss Family Office subsidiary targets Texas, Florida housing projects with first $40m fund.
The firm hired Ashleigh Simpson, who rejoins Grosvenor from MetLife Investment Management, to spearhead growth for the development financing platform.
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.
The deal backs 3650’s forecast that there will be long-term demand for short-occupancy rental units in South Florida.