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$500 million joint venture between PGIM Real Estate and Citymark Capital is investing in senior loans or structured positions backed by multifamily assets. This deal highlights the growing demand for real estate credit, driven by a refinancing window exceeding $650 billion. The space is experiencing record volumes, with investors seeking opportunities to capitalize on this trend.
The joint venture's focus on multifamily assets reflects the sector's resilience and growth prospects. As the US population continues to urbanize, demand for rental housing remains strong, making multifamily properties an attractive investment option.
Investors are drawn to real estate credit due to its relatively stable returns compared to other asset classes. The current refinancing window presents a unique opportunity for investors to access high-quality assets at favorable terms.
