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The firm provided $100m of equity and preferred equity to the mixed-use project, a new-model deal in which each component includes minority- and women-led representation.
The New York-based banking giant has been working to actively reduce its balance-sheet exposure to the sector since the start of the year.
McRoberts’s retirement triggers three appointments to oversee the $45bn agency servicing portfolio.
Bank sale mirrors similar moves by Capital One and Pacific Western Bank to add liquidity amid market stress.
Blend and extend is the latest iteration of the 'extend and pretend' strategy frequently seen in the wake of the Global Financial Crisis.
Lack of money center banks is creating more space for private credit lenders with multifamily, industrial and construction lending.
As the retail apocalypse ends, the office Armageddon begins, says Toby Cobb, co-founder of the national real estate investment trust.
Cathy Marcus and Raimondo Amabile will become co-CEOs of the New Jersey-based manager in October.
A liquidity-constrained environment has not slowed down well-capitalized managers.
The 569-unit project adds to development momentum fueled by private credit lenders.