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The bridge loan was arranged by Gortikov Capital and will be used by AMCAL to recapitalize a Woodland Hills, California, property.
Pivoting between equity and debt opportunities, Kayne Anderson Real Estate’s all-weather relative value approach is helping the firm navigate an uncertain market, says chief investment officer David Selznick.
An emphasis on markets and properties where fundamentals remain sound is most important when it comes to finding opportunity, says Jeffrey Williams at Schroders Capital.
As macro forces reshape the landscape for commercial real estate fi nance, Värde Partners is anticipating ‘phase two’ of the opportunity, says Jim Dunbar.
The Tampa-based owner-operator raised more than $1bn for Sun Belt-focused multifamily investments.
The loan comes as lenders see a niche to provide financing to help sponsors complete projects.
Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.
The data-driven manager deployed the capital via its Origin Strategic Credit Fund.
The firm's global head of real estate Ralph Rosenberg raises the question of whether the sector is in for a near-term period of significant defaults.
The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.