Developer Oram Hotels receives a $36.55-million loan for the continued renovation and development of Downtown San Diego's historic 500 West Broadway building into an upscale boutique hotel.
KKR's second value-add and opportunistic vehicle is “focused on all the housing themes,” global head of real estate Ralph Rosenberg told Bloomberg on Wednesday.
“Over the longer term, REITs have been a remarkably consistent investment, delivering solid long-term performance and consistent income,” says Nareit's Steven A. Wechsler.
The $3-billion deal for Pure Industrial Real Estate Trust will give Blackstone another 22 million-plus square feet of logistics space in both Canada and the US.
The newly announced partnership with Goldman Sachs is "one of the key components in building a more diversified, large-scale base of individual investors that can access the asset class in a more efficient and risk-adjusted manner," Cadre's Ryan Williams tells GlobeSt.com.
Mesa West Capital originates the loan in short-term first-mortgage debt to refinance two new luxury complexes developed and owned by Sunroad Enterprises in the 40-acre master-planned community Sunroad Centrum.