August 2, 2017 Comments Off on TH Real Estate Mid-Year Debt Platform Hits $3.8B Views: 1116 National News, Top National

TH Real Estate Mid-Year Debt Platform Hits $3.8B

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TH Real Estate closed and committed 43 transactions for its global commercial debt portfolios, totaling $3.8 billion in the first half of 2017. The affiliate of asset manager Nuveen was active in both the U.S. and U.K. involving industrial, office, retail, and multifamily/student housing assets.

TH Real Estate’s Jack Gay says, “Mortgages in both the U.S. and U.K. continue to offer good relative value versus other fixed income products, and we are targeting an increase in loan origination across the risk spectrum.”

Gay notes, private debt is an “increasingly inviting strategy” as a counter measure to “low returns from fixed-income investments, high prices for equity investments that may appear risky, and political uncertainty in many regions.”

Highlights include a $200-million deal for Lerner Enterprises’ office development in Tysons Corner, VA, and a $102-million loan for AIG and Synergy Investment’s acquisition of The Hive, a five-building creative office portfolio in Boston.

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