The asset involved is a retail portfolio consisting of six properties located across Florida, Arizona, Oregon, and Ohio. This portfolio is anchored by major retailers, including Target, Dick’s Sporting Goods, and Kroger. The total refinancing loan amount secured for this portfolio is $247 million.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $247,000,000
• Lender: New York Life Real Estate Investors
• Landlord: Peter Borzak - Pine Tree
• Brokers: Bill Stewart & Bill Barry - Draper & Kramer
• Loan Type: Refinance
• Market: Florida, Arizona, Oregon, Ohio

This transaction involved Pine Tree securing a refinancing loan facilitated by Draper & Kramer’s brokers, Bill Barry and Bill Stewart. The financing was arranged to support the portfolio acquired in collaboration with a state pension fund, highlighting the strategic partnership in this deal.