Temasek participates in 3650 REIT $552.5m capital funding
The capital will be deployed across 3650’s credit strategies.
Temasek, along with California State Teachers’ Retirement System (CalSTRS) and an unnamed independent wealth management and investment advisory firm, have committed $552.5m (US$430m) in capital to 3650 REIT, a commercial real-estate loan servicing company.
According to 3650, this will be deployed across its credit strategies.
“These commitments further diversify 3650’s investor base and expand our stable of world-class global institutions—including CalSTRS—who have made sizable capital commitments to our credit strategies, which continue to generate value for investors throughout an unprecedented market cycle,” Jonathan Roth, co-founder and managing partner of 3650, said.
Currently, 3650 REIT has a total servicing portfolio of $22.7b (US$17.7b) in commercial real estate loans and securities across the capital stack.
$1=US$0.78
Read Here
Advertise
Sign Up
