Corebridge Real Estate Investors Recapitalizes $670M Multifamily Portfolio With CBRE Investment Management
Florida
See Similar DealsCorebridge Real Estate Investors Recapitalizes $670M Multifamily Portfolio With CBRE Investment Management
Summary
A multifamily portfolio consisting of six Class A apartment buildings totaling 1,990 units has been involved in a recapitalization transaction. The portfolio is 95% leased and spans key metro areas including Orlando, Los Angeles, Denver, and Boston.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $670,000,000
- Loan Type: Recapitalization
- Landlord: Doug Tymins - Corebridge Real Estate Investors; Adam Gallistel - CBRE Investment Management
- Broker: JLL
- Legal Counsel: Gibson Dunn and Crutcher, LLC
- Stakeholder: CBRE Investment Management holds a 44.5% stake in the joint venture
The transaction was facilitated with legal counsel from Gibson Dunn and Crutcher, LLC, while JLL served as the broker. Corebridge Real Estate Investors executed the recapitalization, ensuring strong stakeholder participation with CBRE Investment Management in the deal.
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