CMF Briefs from CBRE, NewPoint Real Estate Capital, Brookfield

CBRE Launches Community Impact Initiative

CBRE Group, Dallas, announced a $7.25 million commitment to combat climate change, improve educational and career development opportunities for racial minorities and disadvantaged populations and support community betterment efforts in its headquarters city.

The firm said the community impact initiative reflects its commitment to helping businesses, people and communities thrive. It is being funded by CBRE and the company’s philanthropic arm, the CBRE Foundation Inc.

Information about the financial contributions being made to non-profit organizations can be found here.

NewPoint Real Estate Capital Acquires Housing & Healthcare Finance Assets

NewPoint Real Estate Capital, Plano, Texas,acquired certain assets of Housing & Healthcare Finance, including its FHA multifamily and healthcare origination business and its loan servicing portfolio.  

HHC Finance Founders Erik Lindenauer and Rich Lerner will join NewPoint as Co-Presidents of the FHA Housing Business Unit and lead the integration of HHC Finance’s team of nearly 50 professionals into NewPoint’s existing FHA origination and servicing business.

In the last decade, HHC Finance has closed nearly $7 billion in HUD loans. The firm spun off from CapitalSource in 2008.

Brookfield Closes $4 Billion Commercial Real Estate Debt Fund

Brookfield closed its latest flagship real estate debt fund, Brookfield Real Estate Finance Fund VI, with total capital commitments of over $4 billion, exceeding its initial $3 billion target.

Nearly 50 LPs committed to BREF VI, including public and private pension plans, labor organizations, endowments and foundations, financial institutions, and insurance companies. The United States, Canada, Europe and Asia-Pacific are all represented among the fund’s investors.

BREF VI will lend against high-quality real estate assets in major U.S. metros and selectively in the U.K. and Europe. To date, the fund has closed on 15 investments, representing aggregate mezzanine lending commitments in excess of $700 million.