Home Debt
debt
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.
The New York-based manager has tapped veteran lender Steven Schwartz to head up its real estate credit platform.
The New York-based pension is increasing its allocation from $1.1bn to $1.3bn.
Collaboration between the US alternative lender and the Munich-area-headquartered bank signals innovation in European commercial real estate lending.
The US family office is hopeful that transaction activity will pick up in a lower rate environment.
Real estate sponsors are sharpening their focus on asset management as operating costs keep the pressure on.
Amid a new round of promotions, hires and exits, one executive is leaving just months after being promoted to a global co-head role.