The New Mexico Educational Retirement Board (NMERB) approved a $150 million commitment to Lone Star's Fund X at its investment committee meeting on 25 August, according to chief investment officer Bob Jacksha.
Pembrook Capital Management has provided a $25.8 million mezzanine loan to the McSam Hotel Group. The loan bears a 12-month maturity, has a first mortgage conversion feature and will be used to facilitate a partner buyout and predevelopment.