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Private Real Estate Daily

from Private Wealth Daily

The edition as it went to readers: 8 stories.

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The lead

PCCP lends $163.9M for 426-unit Paramus apartment project

The Russo Development and Kushner Real Estate Group venture's Paramus project includes 56 income-restricted apartments and targets completion in late 2028.

Sectors

Seven Equity reported as possible buyer of San Francisco Centre

Reports point to the New York retail repositioning firm for the 1.2 million-square-foot property, now believed to be valued at $130 million.

Sectors

Welltower buys 43 senior housing properties for $2.7 billion

Occupancy reached 88% and about $8 billion of U.S. senior housing debt matures in 2026.

Sectors

Alexandria's $638.5M net loss widens as lab leasing picks up

Funds from operations fell to $264.4 million from $377.8 million a year earlier.

Real estate debt

Fixed-rate data-center CMBS AAAs widen 21 bps in week

The median senior bond in other SASB and conduit deals held flat; floating-rate data-center AAAs widened 24 bps.

Real estate debt

Truist lends $152M for 390-unit Long Beach apartments

The six-story Marina Shores project replaces an office complex and parking lot; completion is expected around May 2029.

Real estate debt

Byline Bank lends $17.5M on Columbus multifamily buy

Fourth loan to The Schirm Firm finances Trotters Park; terms not disclosed.

Deals

Shorenstein pays $866 psf for SoHo office in $132.5M Tishman sale

The 155,000-square-foot building is fully leased, with new office leases signed at $70 to $120 per square foot since January 2025.

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