Newsline

The Dermot Co., a vertically integrated multifamily investment manager, owner, and operator of high-quality communities, and joint venture partner Affinius Capital have secured a loan to refinance 101 West End Avenue, a 35-story, 502-unit apartment community in New York City. The $283 million loan was provided by Freddie Mac and arranged by Walker & Dunlop Capital Markets Institutional Advisory.

Multifamily investors are navigating a market defined by ongoing price discovery, refinancing pressures and shifting capital flows. In an IREI interview, Bret Hewett, head of acquisitions for ACRE's equity platform, outlines how narrowing bid-ask spreads and loan maturities are influencing deal activity, why many of ACRE’s opportunities today are driven by capital structure stress rather than weak fundamentals, and how investors are approaching underwriting in markets facing different supply dynamics. He also discusses where recapitalizations, joint ventures and structured equity are emerging as key entry points in the current cycle.

Last week, the U.S. Senate passed the 21st Century ROAD to Housing Act by an overwhelming bipartisan margin. At first glance, that alone should inspire confidence. Housing affordability is one of the most pressing economic and social challenges in the country, and Congress rarely agrees on anything — let alone something this consequential.

Sayuri Khandavilli, head of Americas real estate specialists at Nuveen, recently participated in a special feature highlighting accomplished women in the real estate sector for Institutional Real Estate Americas. She shared her perspectives on leadership, investing and career evolution. While an excerpt of that interview appeared in the print magazine, the entire conversation, lightly edited, appears below.

Public and private capital are reshaping the United Kingdom healthcare real estate market, with listed REITs playing an increasingly active role in driving investment activity. In an interview with IREI, Caryn Donahue, director – head of healthcare and senior housing, operational capital markets Savills, and Tom Atherton, strategy and market intelligence manager at the firm, discuss the factors behind rising cross-border investment, the role of private-pay dynamics and supply constraints, and how opportunities and risk-return profiles differ across care homes, hospitals and primary care.

Marcus Partners has completed fundraising for Marcus Capital Partners Fund V, L.P., a value-added real estate fund with commitments totaling $875 million.

JLL Income Property Trust  has secured a $1 billion credit facility with a syndicate of ten market-leading real estate lenders.

JLL’s Capital Markets group has arranged a $370 million refinancing for Society Brooklyn, a premier 517-unit, two-tower residential development positioned along the Gowanus Canal in Brooklyn’s Gowanus neighborhood.

Canopy Real Estate Partners has held a final close of its $75 million inaugural real estate fund.

Walton Global has launched U.S. Land Income & Growth Fund for offshore investors.

Franklin Templeton and Clarion Partners have announced Clarion Partners Real Estate Income Fund Inc.’s acquisition of three healthcare real estate properties across Texas, Florida, and Colorado.

Gio Tramonto has joined IDR Investment Management as director of private equity real estate.

Nikki Chavez has joined Interstate Equities Corp. as director of capital formation.

Institutional investors worldwide are recalibrating their investment approaches as three powerful megatrends — artificial intelligence (AI), energy transition and deglobalization — reshape the global economic landscape, according to preview results from Nuveen’s sixth annual EQuilibrium Global Institutional Investor Survey.

CBRE Investment Management has announced the close of its Asia Pacific value-added real estate fund, Asia Value Partners 7 (AVP 7). 

Nuveen Real Estate has raised $330 million for its U.S. Cities Retail Fund (USCRF) from three Australian superannuation funds, marking the largest allocation into the strategy from the region to date. The Retail Employees Superannuation Trust (Rest), the Australian profit-to-member superannuation fund, anchored the capital raising with a $250 million commitment.

AWH Partners, a privately held national hotel real estate investment, management and development firm, has announced its first of a series of closings for its $100 million Strategic Income Fund.

Starlight Investments has held a close for its Starlight Canadian Residential Growth Fund IV.

Fusion Hotel Group, a wellness-inspired hospitality brand and management company based in Ho Chi Minh City, has been acquired by Suchad Chiaranussati, founder and chairman of SC Capital Partners, as well as the owner of Hotel Management Japan (HMJ), one of Japan’s largest hotel operators, and Indonesian hotel operator Topotels Hotels & Resorts. 

Room00 Next Gen Hospitality has plans to accelerate its European expansion with a new investment plan of between €330 million and €420 million ($379 million and $482 million) to be executed throughout 2026 across Spain, Portugal, Italy and the United Kingdom.