Pearlmark Closes on 1800 Broadway
November 27, 2024
Pearlmark, in partnership with OTH Capital, closed on the acquisition of 1800 Broadway, a 2013-vintage, 228-unit, midrise apartment community in San Antonio, TX.
As published from PERE Credit: Pearlmark holds second close for latest mezzanine fund
November 11, 2024
The firm anticipates another capital closing before year-end and then a final close late in the first quarter.
Pearlmark Announces Second Closing of Sixth Mezzanine Fund
November 01, 2024
Pearlmark is pleased to announce the second closing of its sixth high-yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. (“Pearlmark Mezz VI” or the “Fund”).
Pearlmark Closes on Mezzanine Loan for The Residences at Sawmill Station
October 30, 2024
Pearlmark announced that it closed on a $7.4 million mezzanine debt investment to recapitalize The Residences at Sawmill Station, a 250-unit, multifamily apartment community in Morton Grove, IL.
Pearlmark Adds Five New Team Members
October 18, 2024
Pearlmark, a private equity real estate firm focused on middle market equity and high-yield debt investments, announced today that it has added five new team members to the firm.
As published from Commercial Observer: Pearlmark’s Stephen Quazzo Is Eager to Invest After Raising $185M
October 11, 2024
The Chicago-based CEO and co-founder shares investment advice on how to take advantage of fluctuating interest rates
Pearlmark Closes on Mezzanine Loan for Vista 65 in Queens
October 01, 2024
Pearlmark, in partnership with SFO Capital Partners, announced that it closed on a $27 million mezzanine debt investment to refinance Vista 65, a mixed-use property consisting of 186 multifamily units, 86,500 sq. ft. of commercial space, and a parking garage in Queens, NY.
Pearlmark Closes on Mezzanine Loan for Arden Townhomes in Suburban Chicago
September 26, 2024
Pearlmark announced that it closed on a mezzanine debt investment for the refinance of Arden Townhomes, a 60-unit, 2024-vintage, three-story, townhome-style multifamily property in Warrenville, IL.
Pearlmark Closes on Stonehaven at Overland Park
September 06, 2024
Pearlmark, in partnership with Archstone Capital, closed on the acquisition of Stonehaven at Overland Park, a 2024-vintage, 68-unit, townhome-style apartment complex located in Overland Park, Kansas.
As published from PERE Credit: Pearlmark holds first close for sixth mezzanine fund
August 19, 2024
The Chicago-based manager has so far raised more than $185m for the fund, which will target subordinated debt positions.
Pearlmark Announces First Closing of Sixth Mezzanine Fund
August 12, 2024
Pearlmark is pleased to announce the first closing of its sixth high-yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. (“Pearlmark Mezz VI” or the “Fund”).
Pearlmark Closes on 1433 Pleasant Valley in Harrisonburg, VA
August 06, 2024
Pearlmark, in partnership with Seastone Capital, closed on the acquisition of 1433 Pleasant Valley, a 1999/2003-vintage, 433,039 sq. ft. industrial building on a 30.2-acre site, located in Harrisonburg, Virginia.
Pearlmark Closes on Mezzanine Loan for the SparrowHawk Industrial Portfolio in Kansas City and St. Louis MSAs
June 27, 2024
Pearlmark announced that it closed on a $15.5 million mezzanine debt investment for the refinance of the 100% occupied, ten-asset SparrowHawk Industrial Portfolio (the “Portfolio”) in the Kansas City and St. Louis MSAs.
Pearlmark Closes on a Mezzanine Loan for The Ruby at Brookfield Square in the Milwaukee Metro Area
May 06, 2024
Pearlmark announced that it closed on a $7.0 million mezzanine debt investment for the refinance of The Ruby at Brookfield Square, a 231-unit multifamily community in the Brookfield suburb of Milwaukee, WI.
Generali Completes Acquisition of Conning
April 03, 2024
Conning announced that its acquisition by Generali Investments Holding S.p.A., an entity comprising the majority of asset management activities of Generali Group, has closed.
Pearlmark is Runner-Up for Real Estate Capital USA Mezz Lender of the Year
April 01, 2024
Pearlmark Closes on a Mezzanine Loan for the Development of Link Apartments NoDa Phase II in Charlotte, NC
March 07, 2024
Pearlmark announced that it closed on a $10 million mezzanine debt investment for the development of Link Apartments NoDa Phase II (“Phase II”), a 242-unit, Class A, multifamily community in Charlotte, NC.
Pearlmark Announces Team Promotions for 2024
March 01, 2024
Pearlmark Closes on a Mezzanine Loan for Coastline Apartments in Fort Walton Beach, Florida
February 16, 2024
Pearlmark announced that it closed on an $11.5 million mezzanine debt investment for the refinance of Coastline Apartments, a 301-unit multifamily property in Fort Walton Beach, FL.
Pearlmark Closes on a Mezzanine Loan for the Development of RISE @ Glen Kernan Park in Jacksonville, Florida
February 12, 2024
Pearlmark announced that it closed on a $33 million mezzanine debt investment for the development of RISE @ Glen Kernan Park, a 308-unit, 55+ Active Adult Class A multifamily community in the Southside submarket of Jacksonville, Florida.
Pearlmark Closes on The Henry at Lake Houston
December 20, 2023
Pearlmark announced that it closed on a mezzanine debt investment for the acquisition of The Henry at Lake Houston (f/k/a The Cobalt at Lake Houston), a 296-unit, 2020-vintage, garden style multifamily property in Humble, Texas, in the northeast area of the Houston MSA.
Pearlmark Closes on Alligood Industrial Park in Suburban Nashville, Tennessee
September 21, 2023
Pearlmark closed on the acquisition of Alligood Industrial Park (the “Property”), a 2023-vintage, 410,370 square foot (“SF”) industrial park on a 36.4-acre site. The Property is located within Wilson County, one of the fastest growing industrial submarkets just outside of Nashville, Tennessee.
Pearlmark Closes on KB Oxford Portfolio
September 13, 2023
Pearlmark announced that it closed on a $22.45 million mezzanine debt investment for the financing of the unsold Delaware Statutory Trust units in the KB Oxford portfolio, a purpose-built student housing portfolio located at the University of Mississippi.
Pearlmark and Farpoint Development Close on 134 Long Road
August 24, 2023
Pearlmark and Farpoint Development (“Farpoint”) (collectively, “Sponsorship”) closed on the acquisition of 134 Long Road (the “Property” or “Project”), a 50-acre development parcel on which Sponsorship is constructing a 560,000 square foot cross-docked industrial building.
Pearlmark Closes on Encore at Tradition
August 09, 2023
Pearlmark announced that it closed on a $27 million mezzanine debt investment for the completion of Encore at Tradition (“Encore”), a multifamily development in Port St. Lucie, Florida. Encore is a 55+ age-restricted community development that will have 415 units, comprising 303 single-story for-rent villas with attached two-car garages and private patios and two, 56-unit 4-story apartment buildings offering a mix of one- and two-bedroom units.
Conning and its Affiliates to be Acquired by Generali; Transaction Enhances Firms' Long-Term Growth Plans
July 06, 2023
Conning Holdings Limited (“Conning and its Affiliates1”), a leading global asset manager serving the needs of insurance company and institutional clients, today announced that it will be acquired by Generali Investment Holdings (“GIH”), an entity comprising the majority of asset management activities of Generali Group (“Generali”). Conning and its Affiliates will continue to execute their growth strategies with support from the firm’s current owner, Cathay Life Insurance Co. Ltd. (“Cathay”) and Generali.
As published from Real Estate Capital USA: Pearlmark, Waterton fund mezzanine loan for Tempe mixed-use project
June 09, 2023
Pearlmark, along with partner Waterton, last week funded a $53.2 million mezzanine loan that will help finance the development of the first phase of a planned mixed-use development in Tempe, Arizona. Carlos Slim’s Banco Inbursa funded the senior mortgage.
Pearlmark and Waterton Announce the Closing of a $53.2 million Mezzanine Debt Investment with The McBride Cohen Company for Multifamily Development in Tempe, Arizona
May 17, 2023
Pearlmark, in partnership with Waterton, announced that it closed on a $53.2 million mezzanine debt investment for the development of the first phase of South Pier at Tempe Town Lake (“South Pier”), a fully-entitled waterfront multifamily project on Tempe Town Lake in Tempe, Arizona.
Pearlmark Closes on Vinty Apartments
May 12, 2023
Pearlmark announced that it closed on a $10 million mezzanine debt investment to refinance Vinty Apartments in Elizabeth, New Jersey. Vinty Apartments is a five-story, 267-unit multifamily property with approximately 32,000 square feet of ground-floor commercial space.
Pearlmark Closes on The Residence at the Dior
May 04, 2023
Pearlmark Real Estate (“Pearlmark”) announced that it has closed on a mezzanine debt investment to refinance the Residence at the Dior, a 48-unit multifamily property with approximately 9,000 square feet of ground-level retail. The Residence at the Dior is in Dedham, Massachusetts, a close-in suburb of Boston, located at the junction of Route 1 and Interstate 95 and at the entrance of Legacy Center, one of New England’s most visited lifestyle centers.
Conning Completes Acquisition of a Majority Stake in Pearlmark, a Specialized Commercial Real Estate Investment Firm
March 29, 2023
Conning, a leading global investment management firm, and Pearlmark Real Estate, L.L.C. (“Pearlmark”), a specialist investment manager of commercial real estate debt and equity strategies, today announced the completion of Conning’s acquisition of a majority stake in Pearlmark.
As published from Real Estate Capital USA: Pearlmark closes mezzanine debt fund as gap financing needs rise
February 02, 2023
Pearlmark, a Chicago-based real estate private equity manager, has closed its latest opportunity fund at a time when the need for gap financing is waxing.
Pearlmark Closes on Bakers Place
December 23, 2022
Pearlmark announced that it closed on a $21.2 million mezzanine debt investment for the development of Bakers Place, a 206-unit mass-timber luxury apartment project in the heart of the Isthmus corridor in Madison, Wisconsin. The property will consist of 206 units and 8,400 square feet of retail space.
Pearlmark Announces Final Closing of Fifth Mezzanine Fund
December 01, 2022
Pearlmark is pleased to announce the final closing of its fifth high-yield investment fund, Pearlmark Mezzanine Realty Partners V, L.P. (“Pearlmark Mezz V”). Pearlmark Mezz V will serve as the firm’s exclusive subordinated debt investment vehicle.
Conning to Acquire Pearlmark, a Specialized Commercial Real Estate Investment Firm
November 10, 2022
Conning Adds Real Estate Expertise with Majority Stake in Pearlmark, Expanding its Investment Capabilities . Partnership Provides Pearlmark with Support to Strengthen and Grow its Platform.
Pearlmark Closes Spartan Crossing
September 26, 2022
In Q2 2022, a joint venture between Pearlmark and Timberline Real Estate Ventures (“Timberline”) closed on the acquisition of a 157-unit, 389-bed student housing asset (the “Property”) in Greensboro, North Carolina.
Pearlmark Closes on Onyx on Park
September 21, 2022
Pearlmark announced that it closed on a $7.9 million mezzanine debt investment for the development of Onyx on Park, a 61-unit multifamily property in the Hillcrest neighborhood of San Diego, California. The property will consist of 55 market rate and 6 affordable units with a parking ratio of 1.3 spaces per unit. The seven-story midrise apartment asset will offer over-sized units by market standard with outstanding views.
Pearlmark Closes Northview Center
August 30, 2022
Pearlmark announced that it closed on a $7.0 million mezzanine debt investment for the acquisition of Northview Center, a 182,009 square foot office property in Lynnwood, Washington. The property is close to a new light rail station, which will provide easy access to downtown Seattle.
Pearlmark Closes on Lawrenceville Apartment Assemblage
August 18, 2022
Pearlmark announced that it closed on a high-yield investment for the acquisition of Lawrenceville Apartment Assemblage, a 59-unit multifamily property with nine affordable units and seven retail bays in Pittsburgh, Pennsylvania. The property is located on Butler Street, a prime corridor in the rapidly growing neighborhood of Lawrenceville.
Pearlmark Closes on Duffey 2.0
July 15, 2022
Pearlmark announced that it closed on a $12.0 million mezzanine debt investment for Duffey 2.0, an adaptive reuse project consisting of three historic manufacturing buildings in the Warehouse District of Minneapolis, Minnesota. The project will consist of 358 multifamily units, 41,000 sq. ft. of retail space including Puttshack, and 326 parking stalls.
Pearlmark Closes on Chaney Place Townhomes
June 09, 2022
Parlmark announced that it closed on a $4.2 million mezzanine debt investment for the acquisition of Chaney Place Townhomes, an 80-unit townhome rental property with 173 parking spaces located in Huntsville, Alabama
Pearlmark Closes on Resia Dallas National
May 20, 2022
Pearlmark announced that it closed on a $11.1 million high-yield investment for the development of Resia Dallas National, a 336-unit multifamily property located in Dallas, Texas.
Pearlmark Raises Funds for JDRF's 2022 Real Estate Games
May 02, 2022
Pearlmark is a proud sponsor and team for the JDRF 2022 Real Estate Games.
Pearlmark Closes on Potranco Commons
March 31, 2022
Pearlmark announced that it closed on a $11.3 million B-note investment for the development of Potranco Commons, a 360-unit multifamily property located in San Antonio, Texas. The development will consist of 180 market-rate units and 180 affordable units located in the Far West San Antonio submarket. The property will offer high-end amenities and access to a multitude of nearby employers.
As published in Real Estate Capital USA: Pearlmark Goes Big on Multifamily with Pipeline for Latest Mezzanine Fund
March 16, 2022
The Chicago boutique is steering clear from large-cap office markets as it evaluates more industrial plays.
Pearlmark Closes on The Orchard
December 15, 2021
Pearlmark announced that it closed on a $4.6 million preferred equity investment for the acquisition of The Orchard, a 308-bed student housing property located in Columbia, South Carolina that was constructed in phases between 2015 and 2018. The property is located near the University of South Carolina and offers residents a pool, clubhouse, fitness center, individual security systems, and private surface parking. The investment was made on behalf of Pearlmark Mezzanine Realty Partners V, L.P. (“Mezz V”). A senior loan was provided by Ready Capital Commercial Bank. JLL represented the borrower and sponsor, MultiVersity Housing Partners, in securing the financing.
Pearlmark Closes on ShoreView Apartments
December 15, 2021
Pearlmark announced that it closed on a $13.5 million mezzanine investment to finance the acquisition of ShoreView Apartments, a multifamily asset located on the River Walk along the Manatee River, within walking distance of historic downtown Bradenton, Florida. The property consists of 216 luxury apartments with an outstanding common area amenity package. The project was completed in April 2021 and became fully leased in November 2021. The investment was originated by Pearlmark and made on behalf of Pearlmark Mezzanine Realty Partners V, L.P. (“Mezz V”). A senior loan was provided by Prime Finance. Northmarq represented the borrower and sponsor, Equity Yield Group, in securing the financing.
Pearlmark, Timberline, and Tramview Close on CEV Wilmington
October 01, 2021
A joint venture among Pearlmark, Timberline Real Estate Ventures (“Timberline”), and Tramview Capital Management (“Tramview”) closed on the acquisition of two adjacent multifamily / student housing assets (collectively, the “Property”) totaling 415 units in Wilmington, North Carolina.