CenterSquare Forms $200M CRE Co-invest Debt Fund with Temasek

CenterSquare Investment Management announced on February 3 the establishment of a commercial real estate debt vehicle with Singapore-based investment company Temasek.

The real estate investment manager said the co-investment vehicle will have $200M to deploy once fully funded. Investments will be made in line with CenterSquare's debt fund strategy, with the first tranche of capital to be invested alongside the manager's most recent debt fund. 

To generate risk-adjusted and equity-like returns, the investment vehicle will target mezzanine loans and debt-like preferred equity investments, particularly those secured with highly viable rental assets. It will focus on multifamily assets but will have the flexibility to adjust depending on market conditions, CenterSquare added.

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Written By: Dakota

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