A newly formed private real estate investment company has closed its first fund. Tryperion Partners LLC now has $50 million of fully discretionary committed capital in its Tryperion RE Fund I. The company plans to use up to 75% leverage to give the fund a $200 million investment potential....More
Canyon Capital Realty Advisors and Citi have come together to starts a real estate fund that will focus on multifamily workforce housing in underserved communities throughout the United States. Over the next several years, the Canyon Multifamily Impact Fund will acquire and manage up to $800 million in apartment communities. Investments will be between $20 million and $90 million....More
A subsidiary of Hines U.S. Core Office Fund L.P. selected an institutional fund managed by American Realty Advisors as the buyer of 499 Park Avenue, and institutional investors advised by J.P. Morgan Asset Management as the buyers of 425 Lexington Avenue....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?