MetLife has won a $500m separate account mandate to invest in US commercial real estate loans, Real Estate Capital has learned.
The firm, through its MetLife Real Estate Investors platform, will originate and service fixed and floating rate first mortgage and mezzanine loans across office, multi-family, retail, industrial and hotel assets. The investment was made by a US reinsurance company.
International asset manager Threadneedle has taken a 2% stake in Islamic property bank Gatehouse.
London-headquartered Gatehouse is a Shariah-compliant investment bank that specialises in real estate, treasury, wealth management and Shariah advisory. The Kuwaiti-backed bank manages $2bn of assets in the USA, United Kingdom and Europe.
TIAA Henderson Real Estate has clinched a €45m loan to refinance a shopping centre in southern Italy with an investment bank.
Guggenheim Partners has provided $112m in CMBS financing on eight office properties located across four US states.
A $95m chunk of the financing backs a family of Brazilian investors in its acquisition of a portfolio of six office properties occupied by Wells Fargo. The 10-year loan carries a 65% loan-to-value.
Cornerstone Real Estate Advisors has won two separate account mandates to invest into the European real estate mezzanine debt market, Real Estate Capital can reveal.
The two mandates of $200m each will target different types of deals with different return requirements. The investment has come from a US-based insurance company – not parent, Mass Mutual - and a pension fund.
The European property market cycle is expected to stay strong for longer as a result of the increasingly diversified debt market according to a new report by Colliers International.
Real estate investor, Whitewood REFF, is launching a £125m initial public offering for a real estate debt investment vehicle.
ING Real Estate Finance has refinanced the Bonarka City Center shopping mall in Krakow with a €193m loan.
Fitch Ratings has issued final ratings on Deutsche Bank Securities’ $1.4bn COMM 2015-DC1 securitization, one of the largest CMBS deals completed so far this year.
The rating agency awarded its triple-A rating to the deal's roughly $1.1bn top tranche, also noting that the securitization carries higher leverage than recent fixed-rate multi-borrower transactions.
Renshaw Bay has completed a final close of its commercial real estate debt fund which now has £356m of committed capital.