Samantha Rowan
Lee Levy, senior managing director and head of debt, most recently was Goldman Sachs' co-head of US real estate credit investing.
The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.
West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.
The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.
Negative sentiment and macroeconomic and geopolitical concerns continue to hold back the market, panelists said at PERE America.
The city's chief climate officer is ‘serious’ about enforcing Local Law 97 to reduce carbon emissions of the city’s biggest assets by 2030.
With its US Impact Housing Fund, the Chicago-based manager is aiming to preserve affordable housing units with expiring tax credits.
The transaction comes as Fortress is gearing up to expand its wealth management business.
CIM Group will follow a strategy similar to what it does it the US in which it works as a partner for banks.
Industry participants are now feeling the impact of the banks’ overexposure to the asset class on the ability to get deals priced.