Singapore $289 Billion Temasek & United States $14 Billion Real Estate Asset Manager CenterSquare Investment Management to Launch $200 Million Co-Investment Vehicle to Invest in High-Quality Subordinate Real Estate Loans, First Tranche of Capital Will Invest Alongside CenterSquare Debt Fund in Pre-identified Deals with Heavy Focus on Multifamily Assets
5th February 2025 | Hong Kong
Singapore Temasek ($289 billion AUM) & United States real estate asset manager CenterSquare Investment Management ($14 billion AUM) have announced to launch a $200 million co-investment vehicle to invest in high-quality subordinate real estate loans. The first tranche of capital will invest alongside CenterSquare debt fund in pre-identified deals with a heavy focus on multifamily assets. Announcement (3/2/25): “CenterSquare Investment Management (CenterSquare) today announced the creation of a commercial real estate debt co-investment vehicle alongside Temasek, a global investment company headquartered in Singapore. Once fully funded, the vehicle will have $200 million to deploy and will invest in high-quality subordinate real estate loans. The portfolio is a continuation of the strategy employed across CenterSquare’s Debt Fund Series, which began in 1999 and seeks to generate risk-adjusted, equity-like returns through mezzanine loans and debt-like preferred equity investments, secured predominantly by highly viable, cash-flowing rental assets. The first tranche of capital will invest alongside CenterSquare’s most recent debt fund in largely pre-identified deals. As with other funds in the Debt Fund Series, it will continue to have a heavy focus on multifamily assets, while maintaining flexibility to respond to changing market conditions.”
” Singapore $289 Billion Temasek & United States $14 Billion Real Estate Asset Manager CenterSquare Investment Management to Launch $200 Million Co-Investment Vehicle to Invest in High-Quality Subordinate Real Estate Loans, First Tranche of Capital Will Invest Alongside CenterSquare Debt Fund in Pre-identified Deals with Heavy Focus on Multifamily Assets “
Michael Boxer, Managing Director of CenterSquare’s Private Real Estate Debt vertical: “In the current, higher-rate environment, we continue to see many borrowers in need of ‘gap capital’ as loans come due and they are no longer able to secure the same level of mortgage loan proceeds that were available previously in the lower-rate climate. We believe this creates an excellent opportunity for disciplined investors to earn attractive all-in returns, and we’re excited to expand our relationship with the highly respected Temasek investment team.”
Richard Gorsky, Managing Director, Private Real Estate Debt: “In my opinion, now is one of the best times I’ve seen in my career to invest in commercial real estate debt. The convergence of several factors, including the reconstitution of the borrower’s capital stack and resetting valuations, combined with the favorable fundamentals across residential subsectors underpin this timely co-investment opportunity. We are excited to continue our partnership with Temasek, which began in early 2022, and has grown steadily since that time. It is a pleasure working with like-minded, pragmatic capital partners, who have allowed us to continue providing creative solutions for our borrowers.”
CenterSquare – CenterSquare is a global investment manager focused on actively managed real estate strategies. As specialists in real assets, CenterSquare executes investment strategies to enhance the performance and resiliency of our clients’ investment portfolios. CenterSquare’s management team holds an average of 30+ years of experience, with expertise across real assets and the liquidity spectrum. CenterSquare is owned by a partnership between its management team and private equity partner Lovell Minnick Partners, and is headquartered in Philadelphia with affiliate offices in New York, Los Angeles, London and Singapore. As of June 30, 2023, CenterSquare and its subsidiaries manages approximately $13 billion in assets on behalf of some of the world’s most well-known institutional and private investors.
Singapore $289 Billion Temasek & United States $14 Billion Real Estate Asset Manager CenterSquare Investment Management to Launch $200 Million Co-Investment Vehicle to Invest in High-Quality Subordinate Real Estate Loans, First Tranche of Capital Will Invest Alongside CenterSquare Debt Fund in Pre-identified Deals with Heavy Focus on Multifamily Assets
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