Bridge Investment Group Lands $355M for Industrial Portfolio
Bridge Investment Group is about to undergo a seismic change, but its real estate subsidiary is closing business as usual. Bridge Logistics Properties, the alternative asset manager’s real estate investment arm, secured a $354.6 million loan to refinance a 24-asset industrial portfolio, the Commercial Observer reported. Invesco Commercial Real Estate Finance Trust — the private credit real estate investment trust of Invesco Real Estate — provided the financing.The loan-to-value ratio of the debt is below 70 percent. The 2.4 million-square-foot portfolio, which stretches across six states including California, Texas, New York...