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.

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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.

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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.

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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.

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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.

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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.

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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.

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Michael Wesson Re-Joins Pearlmark

June 20, 2023

Michael Wesson has re-joined Pearlmark as a Managing Director and opened Pearlmark’s Irvine, CA office. Mr. Wesson joins Pearlmark with a focus on debt investment originations, bringing over 20 years of real estate investment experience.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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