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Insight

Pieces of jigsaw puzzle and global network concept.
The New York-based manager aims to tap into credit opportunities arising outside of the US.
The Los Angeles-based manger is watching opportunities in office-to-residential conversions and investing across the capital stack.
Times Square, NYC
Yellowstone Real Estate Investments is turning a page with 1740 Broadway after acquiring its defaulted CMBS loan previously linked to Blackstone; ACORE looks to capitalize on an absence of bank lending following a $1.4 billion fund close; Madison Realty Capital taps Samir Tejpaul to lead capital markets and fuel the growth of its private credit platform; and more in today’s Term Sheet, exclusively for our valued subscribers.
Marathon runner
Trophy offices continue to buck sector-wide refinancing hurdles with L&L Holding closing a $911 million refinance of 425 Park Avenue; Partners Group is looking to expand its US and global hospitality exposure with a minority stake and $500 million allocation to Trinity Investments; New York Community Bank sees more volatility with a real estate leadership shake-up; and more in today’s Term Sheet, exclusively for our valued subscribers.
Owl against blue sky
Blue Owl Capital shows aspirations of being an all-weather manager with the launch of a real estate finance strategy following its purchase of Prima Capital Partners; Office woes are further demonstrated as Empire State Realty Trust hands back the keys on First Stamford Place ahead of 2027 loan maturity; Slate Property Group continues lending streak focused on construction completion with $150 million Bronx multifamily deal; and more in today’s Term Sheet, exclusively for our valued subscribers.
Private credit lenders log a banner year across Real Estate Capital USA’s 2023 Awards despite the elevated rate environment, valuation pressure and broad market uncertainty. Plus: Bank OZK continues to be the year’s most active construction lender with a trio of financings totaling $600 million across South Florida; Franklin BSP gets creative to refinance and mitigate office exposure risk in Silver Star REIT’s legacy real estate portfolio; and more in today’s Term Sheet, exclusively for our valued subscribers.
Elevated interest rates and limited transaction volumes constrained the US commercial real estate markets in 2023. But alternative lenders bet selectively on deals ahead of the next market cycle.
777 Tower, Los Angeles
The Downtown Los Angeles office market is gaining some clarity with Brookfield’s slated $145 million sale of 777 Tower following a $289 million debt default; NYU’s Stern Center calls for more green financing and decarbonization action from borrowers and lenders as regulatory pressure looms; Northwind Group places a rare bet on office with Jersey City asset financing amid broad sector headwinds; and more in today’s Term Sheet, exclusively for our valued subscribers.
The firm is not planning to join the ranks of investors who are seeking short-term lending solutions.
hands holding money
The London-based manager is targeting US commercial real estate debt originations via a partnership with Quadrant Real Estate Advisors.
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