New York-based Slate Property Group has closed a new Separately Managed Account (SMA) with up to $1 billion of capital dedicated to senior secured real estate lending, with a focus on lower-leverage residential construction and bridge loans. According to New York Real Estate Journal, the new platform will primarily target residential developments in high-growth, transit-oriented East Coast markets. The strategy expands Slate’s existing real estate credit platform by adding an

JLL Capital Markets has arranged a combined $617 million capitalization for two Grubb Properties-managed real estate investment trusts and Link Apartments 8 Carlisle, a large multifamily development in Manhattan’s Financial District. The transaction was completed through a coordinated three-phase process rather than a single project loan. It combined the formation and capitalization of a larger REIT platform with senior and mezzanine construction financing for Link Apartments