The $500m strategy will focus on bridge opps across most sectors and market sizes.
A three-bank consortium of Investors Bank, Oceans First Bank and Provident Bank provided the loan.
Michael Cale, co-head of debt investment at Allianz Real Estate of America, said the firm is also selectively originating retail loans.
As a return to normal life looms, lenders dig into financing a formerly great asset class.
The firm deployed more than $1.45 billion in 2021 and aims to continue this momentum.
The former CEO of VEREIT is concerned about the impact of stagnant GDP growth on the US commercial real estate market.
The firm will retain servicing rights on the financing, which is part of a $108m financing package.
Even with the headline risk around the retail sector, there are selective opportunities for investment and development.
The city's rapidly expanding suburbs merit new development after a banner year of activity, the company believes.
Is now the time for private real estate investors to generate returns in retail property and, if so, how should they go about it?