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MIAMI–Commercial real estate finance industry veterans and co-founders Justin Kennedy, Toby Cobb and Jonathan Roth have open the doors to their latest project: 3650 REIT, a national commercial real estate portfolio lending entity.
The company is structured as a private REIT and is backed by funds managed by TPG Sixth Street Partners. 3650 REIT investment products include long-term, first-lien mortgages on stabilized properties, bridge financing, including senior secured, mezzanine and preferred equity, opportunistic investments, and loan servicing and asset management. 3650 REIT has offices in New York, Los Angeles, Chicago and Miami and employs a total of 26 professionals.
In 2013, Kennedy and Cobb co-founded 3650 REIT's CRE development affiliate, Grass River Property, a South Florida developer and manager of mixed-use, urban-infill and transit-oriented properties. 3650 will work with Grass River Property and sister company Grass River Capital, which continue their respective Miami-based CRE equity and debt investment and service activities.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
