multifamily

CIO Wes Fuller says the firm will put a greater focus on strategic partners and growing its investor base.

Non-bank lenders signal strong appetite to capture market share at the industry group’s annual conference in Miami.

London Bay will use the funding for the first phase of a Ritz-Carlton development in Bonita Springs.

Hines and Urban Street Development will use the financing for the first phase of a multifamily, office and retail project.

As the multifamily sector has evolved into a number of distinct subsectors, lenders and investors are taking a new look at where value lies in the capital stack – and which asset classes are set to outperform.

The Vancouver-based real estate investment management company this month named John Creswell to head capital raising as it seeks to expand its lending and investment base.

The New York-based multifamily investor has been looking selectively at deals, but believes rates are too high to move ahead with transactions. 

The firm hopes to provide mezzanine and preferred equity financing for sponsors in its target markets which are facing short-term capital challenges.

Post Brothers lined up $312m in financing for the property. The transaction was the largest single-asset financing on a market-rate property in the US in more than 14 months.

Related Companies and Blackstone are among reported bidders for the failed bank’s commercial and multifamily lending portfolios.