Finance
Norvin Healthcare Lands $39M Loan for Philadelphia MOB
CIT Group arranged the financing for the Navy Yard property.
TerraCap Pays $31M for Phoenix Industrial Asset
BKM Capital Partners sold the 225,400-square-foot property after nearly six years of ownership.
American Ventures Launches $1B Distressed CRE Fund
The investment manager’s new vehicle will target deeply discounted assets valued at above $50 million.
Virtus Buys Houston-Area MOB
The firm’s second acquisition in the market is a 90,014-square-foot property in Sugar Land.
PGIM JV Buys Microsoft-Leased Campus for $169M
In a partnership with Talon Private Capital, the company borrowed $200 million from a consortium of 13 lenders to fund the acquisition.
Stonemont, Cerberus Form $1B Industrial JV
The partners are assembling a portfolio of truck terminals, outdoor storage facilities and other mission-critical assets.
Lineage Logistics Raises $1.9B in Equity
Completing its second major fund raise since September, the cold storage REIT reeled in commitments for new global developments, acquisitions and research.
Walton Street Capital Lands $83M for Orange County Campus
The 437,000-square-foot office property last traded in 2018 for more than $73 million.
Denver Office Campus Lands Refi
JLL Capital Markets worked on behalf of Meridian Office Partners to arrange the loan.
Uptown Denver Tower Lands $54M Bridge Loan
JLL Capital Markets secured the four-year refinancing on behalf of funds managed by Westport Capital Partners.