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Sixth Street Partners and Riller Capital acquired the 142-room Pier House oceanfront resort in Key West from Braemar Hotels & Resorts for $190 million. Starwood Property Trust provided financing for the transaction.

SparrowHawk acquired a 20-property, 4.4 million-square-foot industrial portfolio from EQT for approximately $400 million across six Midwest logistics markets. Almanac Realty Partners provided $300 million in growth capital via joint venture to support SparrowHawk's platform expansion, which now totals over $1 billion in assets under management.

New York Life Investment Management and Reinsurance Group of America provided $225 million in permanent financing to refinance three stabilized luxury multifamily properties totaling 942 units across South Florida. The transaction includes a $107 million refinance of the Marc Apartments in Palm Beach Gardens and refinances of two additional properties in Naples and Miami.

This week I walk through CapitalStack's new MCP server, which connects CapitalStack’s investor database directly to Claude so you can search it in plain…

Almanac Realty Investors, the private real estate arm of Neuberger, committed $250 million in growth capital to AmCap Ventures through the inaugural deployment of the Horizon Fund, a $1 billion investment vehicle established in partnership with Australian Retirement Trust. The capital will accelerate AmCap's strategy of acquiring grocery-anchored and necessity retail shopping centers across major U.S. metropolitan markets.

Ducks Unlimited Canada completed an $9 million acquisition of East Meadows Ranch, Manitoba's largest conservation land purchase, with funding from Cox Enterprises, local philanthropists, and the Government of Canada's Natural Heritage Conservation Program. The 8,167-acre property will be stewarded as the Kennedy Field Station at East Meadows for wetland and waterfowl conservation.

A $396 million CMBS loan secured by 85 10th Avenue, a Manhattan office property jointly owned by Vornado Realty Trust and Related Companies, has been sent to special servicing due to imminent maturity default. The property, which houses Google as its largest tenant, has experienced a 28% decline in rents below underwriting expectations in 2025.

Ready Capital, which assumed ownership of The Ritz-Carlton Portland following a foreclosure in July 2025, secured $141 million in C-PACE debt financing for the recapitalization of the 35-story mixed-use tower. Peachtree Group originated the C-PACE loan for the Block 216 Tower development comprising 251 hotel keys, 131 condos, and 159,000 sq ft of office space.

Paul Stanton, a partner at Thesis Driven, hosts this month's Capital Markets AMA and walks through a handful of recent deals along with the market-wide numbers…

ArrowMark Partners provided a $58 million three-year bridge loan to refinance two newly completed multifamily properties in Heber City, Utah comprising 286 units. The loan retired prior construction debt and supports lease-up of Klein Huis at Turner Mill and Sequoia Apartments at Turner Mill, both delivered in 2024.

Reuben Brothers and Three Rules Capital have received Puerto Rico regulatory approval to proceed with Esencia, a $2 billion+ master-planned luxury residential and hospitality development spanning 2,000 acres on the southwest coast. The project includes 500 hotel rooms and 1,200 private residences, with formal sales commencing Q4 2026 and first residents/guests expected in late 2029, representing a significant ground-up development capital deployment with major branded hotel partners (Mandarin Oriental, Rosewood).

Benefit Street Partners provided a $103 million floating-rate bridge loan to Vantage Communities to refinance a 864-unit, three-property multifamily portfolio across Texas. The loan is structured as an interest-only bridge facility with a three-year term to finance properties toward stabilization.

Wells Fargo provided $175M in construction financing for Elara, a 429-unit mixed-income housing development in Queens that includes 107 affordable units. Domain Companies and Canyon Partners Real Estate are co-investing equity into the project, demonstrating continued capital availability for affordable and mixed-income residential development in New York City.

Coastland Residential secured an $84.5 million construction loan from PNC Bank to develop Vybe 75, an 8-story, 366-unit multifamily project in Miami-Dade County with ground-floor retail. The financing demonstrates continued lender appetite for multifamily construction in South Florida, particularly for workforce/affordable housing components.

Prudent Growth Partners, a private equity real estate firm, completed the acquisition of Amberwood Plaza, a 25,400-square-foot neighborhood retail center in Ashland, Ohio for $3.55 million. The property is 94% occupied with stable cash flow and is positioned as a value-add opportunity within the firm's open-air retail portfolio.

Comcast Advertising signed a 140,000-square-foot lease at 1540 Broadway in Midtown Manhattan, relocating from 55 West 46th Street. The transaction reflects continued corporate demand for high-quality office space in prime CBD locations to support talent attraction and collaboration, with the property owned by GFP Real Estate and BDT & MSD Partners.

Nitya Capital refinanced The Interlace, a 432-unit Dallas apartment complex, with Morgan Stanley to avoid foreclosure after defaulting on a $31.4 million loan held by One William Street Capital Management. The refinancing resolves the immediate foreclosure threat, though Nitya faces distress on two other DFW multifamily properties.

Dallas-based Ramrock Real Estate acquired the former Ridgmar Mall from GK Real Estate and plans to redevelop the 40-acre site into a 931K SF, six-building Class-A logistics campus called Ridgmar 30 Logistics Crossing. The project is being developed in partnership with KBC Advisors and Lincoln Property Co., capitalizing on the site's proximity to Interstate 30 and State Highway 183.

H.I.G. Capital completed an acquisition of Phoenix ME Limited, a UK-based provider of mechanical and electrical engineering services to data centers, life sciences, and infrastructure markets. The deal includes founder/CEO reinvestment and retention of the existing management team, with H.I.G. positioning the company for European expansion and strategic acquisitions.

Northern New Jersey claimed the top spot for apartment sales in H1 2026 with $4.3 billion in volume, driven by Affinius Capital and Vista Hill Partners' Veris Residential acquisition, which accounted for 70% of regional sales. Dallas, Chicago, Los Angeles, and Manhattan rounded out the top five markets, with Kennedy Wilson, Kenedix, and Hulic Co. acquiring a 421-unit property in Westchester County for $237 million.

Macquarie Asset Management and GIC are establishing Theseus Infrastructure, a new platform to develop and operate purpose-built data centers for Anthropic under long-term contracts. Macquarie-managed funds and GIC will own the platform and finance most equity for individual projects focused initially on US expansion.

Canyon Partners Real Estate closed its Canyon US Real Estate Opportunity Fund (CREOF) at $570 million in commitments, exceeding the $500 million target. The fund pursues opportunistic equity investments across commercial and residential assets, with flexible mandate spanning acquisitions, recapitalizations, distressed situations, value-add repositioning, and construction financing.

Barings provided $86.2 million in acquisition debt to finance Obelisk Real Estate Partners' purchase of a three-building industrial portfolio spanning 817,000 square feet in Charleston, South Carolina. JLL arranged the transaction, and the seller was CenterPoint Properties.

Taconic Partners is developing One Grand, a 430,000 square-foot state-of-the-art office tower in Hudson Square. The project is currently in leasing phase with JLL, targeting tech and media tenants, though construction has not yet commenced due to slow pre-leasing activity in the competitive neighborhood.

Madison Realty Capital provided $125 million in construction debt for AVE Station House, a 301-unit luxury multifamily development in Denver developed by RXR and joint venture partners Halpern Real Estate Investments, Korman Communities, and Invent Development Partners. The financing supports a ground-up development of a 13-story residential tower.

Marcus Partners is providing equity for Altera Heights, a 280-unit multifamily community in Apex, North Carolina, developed in partnership with Wood Partners. The project marks Marcus Partners' first ground-up development in the Raleigh-Durham market and is being led by the firm's recently launched Atlanta office as it expands its Southeast investment activity.

Mesa West Capital provided a $52 million short-term, first-mortgage refinance for Sumner Mill Apartments, a 162-unit multifamily community in the Seattle-Tacoma area. The property, delivered in 2024, achieved stabilization within nine months and benefited from limited Class A supply in the surrounding market.

The Ardent Companies executed a strategic recapitalization of eight Class A self-storage assets totaling 742,855 square feet with StepStone Group, involving buyout of existing equity partners and launch of a continuation vehicle. The transaction returned significant capital to existing investors while allowing Ardent to continue as day-to-day asset manager and GP of the new vehicle.

Blue Owl Capital provided a $106 million senior loan to refinance the Lowell Hotel, a 74-key luxury boutique hotel on Manhattan's Upper East Side owned by Kensico Properties. The new debt replaces existing financing on the historic property, which was purchased and redeveloped in 1984.

Zenith Industrial Outdoor Storage and J.P. Morgan Asset Management closed a $215 million senior secured credit facility from KeyBank and Truist to finance their second programmatic joint venture. The facility includes an accordion feature to increase borrowing capacity as the JV scales its industrial outdoor storage portfolio.

Sienna Senior Living formed a 50/50 joint venture with Fiera Infrastructure's Canadian Built Opportunities Fund to redevelop long-term care facilities in Ontario, with initial projects totaling approximately $625 million in construction costs. Fiera Infrastructure, a subsidiary of Fiera Capital, will acquire a 50% interest in select redevelopment projects including Sienna's Glen Rouge and Streetsville Communities.

Blue Owl Capital's data center operator Stack Infrastructure acquired a 71-acre development site in Culpeper, Virginia for $66.4 million ($935,000 per acre). The property, Culpeper Technology Park, was purchased from RACM and is located in a county-designated data center corridor.

Nuveen Real Estate partnered with Catalyst Healthcare Real Estate to form a $400 million equity joint venture funding approximately $1.3 billion in ground-up healthcare development across the US from 2026-2028. The venture focuses on medical office, specialty healthcare facilities, and healthspan initiatives across high-growth markets.

PGIM (Prudential Financial's asset manager) and Helaba Bank partnered with developer Kairoi Residential to finance and develop a 420-unit ultra-luxury multifamily project in Denver's LoHi neighborhood, which broke ground in August 2026. Both investors cited disciplined underwriting and strong market fundamentals as rationale for the deal.

Wafra Inc. acquired the Brownsburg Logistics Park Portfolio, a 899,080 sq ft Class-A industrial portfolio in Indiana, from a venture between Scannell Properties and Manulife Investment Management. The three-building portfolio was completed in 2022-2023 and features seven tenants with direct Interstate 74 access near Indianapolis International Airport.

LMXD and BedRock Real Estate Partners closed a $250 million construction loan from New York Life Investment Management for a 560-unit mixed-income housing project in Astoria, Queens. The financing covers the purchase and construction of the residential development at 35-10 Steinway Street, plus a new P.C. Richard & Son retail location.

PCCP and Integrity Community Builders formed a programmatic joint venture to develop build-to-rent communities across the U.S., committing to deploy up to $200 million per year into BTR properties. The partnership combines ICB's development and construction expertise with PCCP's institutional investment capabilities.

Cerberus Capital Management and Yondr Group jointly acquired a 40-acre site in Manassas, Virginia to develop a 72MW hyperscale data center campus operational by 2029. The partnership combines Cerberus's strategic capital and real estate expertise with Yondr's operational capabilities in hyperscale data center development and operations.

Security Properties acquired Langara, a 134-unit multifamily community in Issaquah, Washington, for $55.1 million as the 12th market-rate acquisition for Fund VII. The acquisition was made in partnership with RGA ReCap Incorporated on behalf of Reinsurance Group of America, marking capital deployment into the Pacific Northwest multifamily market.

Shadowbox Studios has assumed management of the historic Kaufman Astoria Studios in Queens following a foreclosure action by Deutsche Bank against prior owner Hackman Capital Partners on a $340 million loan default. A court-appointed receiver delegated operational control to Shadowbox, marking a significant transition in management of this 500,000 square-foot production facility.

Brookfield Asset Management completed its acquisition of Oaktree, a leading credit manager, strengthening Brookfield's $365B global credit platform. The transaction combines Oaktree's credit expertise with Brookfield's scale across opportunistic credit, real asset credit, asset-backed finance, and corporate performing credit.

Aadhar Housing Finance, backed by Blackstone, announced it has sufficient capital adequacy (over 40%) to support 4 years of growth at 20-22% annual loan expansion and 50 new branches per year, with no need to raise capital in the near term. The company is focusing expansion on smaller towns and talukas to drive affordable housing growth while maintaining asset quality.

Pepper Money Ltd, alongside consortium partners KKR and PIMCO, completed the acquisition of a $15.4 billion residential mortgage portfolio (RAMS home loans) from Westpac Banking Corp. Pepper Money will serve as the primary servicer and holds a minority equity stake in the securitization vehicle financing the acquisition, advancing its capital-light servicing business model with predictable annuity-like earnings.

NYC Department of Buildings issued a stop-work order on SL Green Realty's $805 million office-to-residential conversion project at 750 Third Avenue, following increased scrutiny after a recent building incident. The halt creates uncertainty around the pipeline of conversion projects in Manhattan, though C-PACE lender North Bridge remains confident successful conversions will proceed despite regulatory headwinds.

Panamint Capital, backed by private equity firm KKR, broke ground on a $1.7 billion solar and battery storage project in Texas. The 1.2-gigawatt Big Rooter Power solar farm will be built on land adjacent to an operating coal mine and power plant, converting brownfield site into clean energy generation capacity.