Randy Plavajka
The former Affinius Capital head of credit capital markets will focus on private credit product expansion.
The 23-hotel CMBS financing will recapitalize properties across 10 states.
Partners is targeting $500m of initial investments with the door open for more capital commitments to Trinity on the table.
Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.
The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.
The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.
CBRE Investment Management and Hillwood Partners plan to redevelop a land parcel adjacent to the Auto Club Speedway in California’s Inland Empire into an industrial mega-development.
Slate Property Group in March originated a roughly $60m loan to reignite a stalled multifamily development in the Astoria neighborhood of Queens, New York.
Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.
Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.