3650 REIT has raised $580 million in commitments for its Stable Cash Flow II investment vehicle, adding significant capital from the California State Teachers’ Retirement System (CalSTRS).
The pension fund made significant lead investments in the new vehicle through large allocations from both its fixed income and real estate portfolios.
3650 REIT is a nationwide lender originating and managing portfolio commercial real estate loans for its institutional partners. 3650 REIT originates loans across U.S. CRE lending markets, from long-term first mortgages on core properties to construction loans, mezzanine debt, preferred equity and rescue capital.
“Our portfolio performance to date through the pandemic goes a long way in demonstrating the fundamental benefits of our lending model for both our borrowers and investment partners,” said Toby Cobb, co-founder and managing partner for 3650 REIT. “Having investors of this caliber make commitments on this scale p
