Greystar Real Estate Partners announced the close of its $600 million commercial real estate debt fund of Greystar Credit Partners III.
The fund is the continuation of an effort initiated in 2018 "to scale into credit strategies that leverage the firm's expertise to make data-driven and timely principal investment decisions, according to Brett Lashley, managing director and leader of credit at Greystar.
The fund will focus on the acquisition of securitized subordinated debt as well as private label securitizations, junior notes, and mezzanine debt collateralized by the continuum of for-rent residential assets, according to a release.
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