CBRE IM and Accelerate Investment Partnership formed a joint venture to invest in ground leases under critical, digital and green economy infrastructure assets. Here’s what executives from the two companies told WMRE about their plans.
The Carlyle Infrastructure Credit Fund II is set to invest in the senior and junior debt pieces of directly originated financings for projects primarily in energy transition opportunities. That includes sectors such as renewable energy, digital infrastructure and social infrastructure, said the people, who declined to be identified as the details are private. The funds will also target infrastructure assets outside of energy transition.
The $240 million loan was for a building at 600 California St. that is owned by funds managed by a venture formed by WeWork and Rhone in 2019 to buy and oversee real estate. The property, which includes a WeWork coworking space as an anchor tenant, is located in San Francisco’s Financial District.
Financial Times lays out the case for why the extent of the likely troubles in the commercial real estate sector is exaggerated. Shadow lenders are getting ready to fill the debt gap left by banks and CMBS shops, according to Bloomberg. These are among today’s must reads from around the commercial real estate industry.
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