Benjamin P. Stoyenko

Financings

• CBRE Investment Management, on behalf of its funds, in connection with $153 million intercompany bridge loan financing related to the acquisition of a seven-property portfolio.
• Affiliates of a global investment company in the restructuring of an existing mortgage and mezzanine loan in connection with a 750,000-square-foot office and retail building located in Boston.
• Affiliate of an investment management firm in restructuring an existing mortgage and mezzanine loan, secured by a 1.5 million-square-foot office building located in New York’s Financial District.
• Joint venture between real estate investor and a sovereign wealth fund on a $600.85 million financing for a mixed-used waterfront development located in the New York City.
• Institutional investor in connection with a $130 million preferred equity investment in a New York City office building.
• Investment management firm and various of its commingled funds in the workout of a $1.1 billion first mortgage construction loan.

Joint Ventures

• Realterm Asset Management, LLC on the formation of its first co-investment fund, capitalized by certain investors of its open-end Realterm Income Logistics Fund (RLIF) and other new third party investors, the acquisition by RLIF and the co-investment fund of a 49% ownership interest in a portfolio owned by JPMorgan Investment Management, and on the terms of the new joint venture arrangement between Realterm and JPMorgan. The joint venture owns a portfolio of 61 industrial logistics assets located throughout the U.S. and is valued at $1.17 billion. Realterm assembled and has managed the portfolio since its inception and will continue to manage the portfolio as an RLIF investment pursuant to the new joint venture arrangement.

Sales

• $230 million sale of three multifamily properties (two located in Texas and one located in Tennessee).
• $145 million sale of three multifamily assets located in Georgia and Texas.

Acquisitions

• CBRE Investment Management, on behalf of its funds, through a joint venture with MCB Real Estate, on the $247 million acquisition of a seven-property grocery-anchored shopping center portfolio exceeding 1.1 million square feet across sites in Hawaii, Louisiana, Minnesota, North Carolina and Texas.

Secondment, Cerberus Capital Management, Jan–July 2022

Gilbertville Trinitarian Congregational Church (GTCC) with the transfer of the Stone Church to the Friends of the Stone Church (FOSC). Provided the GTCC with pro bono legal services to transfer the Stone Church to the FOSC, ensuring the historic church will be restored for future generations to appreciate.