Capital Markets

A Lincoln Property Co. JV has acquired the 16-story, 403-unit apartment building.

Sabal Capital Partners, a partner in Freddie Mac's small balance loan program, have leveraged technology to achieve the high volume of loan demands and needs.

As private equity shifts away from opportunistic returns to focus on more core strategies their cost of capital will come down and buyers will be more willing to meet sellers on price, says PwC's Real Estate Deals Leader Tim Bodner.

The four-story office building and adjacent surface parking area was completed in 2013 and is fully leased to global pharmaceutical company GlaxoSmithKline through 2028.

The building has been a hit with office tenants, including Bank of America, which has also agreed to finance the trophy property.

There has been an increase in floating rate debt this year and bridge lending activity this year, even as interest rates are on the rise.

Real Capital Markets, which just reached a $1 trillion milestone, is seeing a surge in the volume of its industrial deals.

The fund will consist of Freddie Mac's multifamily debt investments and will also invest opportunistically in other debt assets such as mezzanine debt, B-notes, and discounted notes.