Peter Benson

In a year that saw the largest interest rate rises in the US since the 1980s, debt strategies were celebrated in PERE’s 2022 North American awards.

The New York-based manager has garnered a $100m commitment from MassPRIM for the vehicle.

The $835m sale of the Hollywood, Florida hotel was necessary because the firm was harvesting exits for its first global opportunity fund, which is being wound up.

Mill Creek, a Boca Raton, Florida-based manager has raised its first fund and expanded its SMA platform.

The New York-based firm defended its real estate assets on its fourth quarter and full year earnings call despite the value of its opportunistic holdings falling 8 percent.

The pair’s $835m joint purchase of The Diplomat in South Florida is significant but not a reflection of what is happening in the hotel market.

The Toronto-based pension plan will retain Michael Turner to focus on US-specific strategies.

Although the lending market has been difficult overall, borrowers see some variation between sectors and regions.

The impact of myriad lending sources pulling back at the same time has been worse than many are willing to acknowledge.

Bridge Investment Group and Prime Group Holdings record capital hauls for multifamily and self-storage strategies demonstrate continued institutional demand for certain sectors, but not that meaningful deployment is close.