strategies

Capro Capital JV is targeting $500m for its first fund, launching with $100m of equity.

Participating preferred equity has features of both preferred and joint venture equity, Berkadia’s Cody Kirkpatrick told Real Estate Capital USA. 

Bridging short-term cash shortages, this option can help borrowers buy time. 

The sponsor, Adler Real Estate Partners, will use the five-year, fixed-rate loan to recap a nine-property portfolio. 

About 26% of all capital raised during the first nine months of the year was allocated to the sector.

Anuj Gupta, who joined Boise-based commercial real estate lender A10 Capital in October as its new chief executive officer, sees potential for significant growth for the company in 2023.

Property owners face a dilemma. One firm thinks it has a solution.

The Los Angeles-based duo originate fixed- and floating-rate loans of up to $100m on value-added properties.

A subsidiary of the Canada Pension Plan Investment Board committed more than $500m to the fund. 

The firm aims to originate around $500m of transitional loans in 2023.