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3650 REIT Adds $575M in Commitments to Now $1.35B BED Platform
Miami-based 3650 REIT has closed $575 million in institutional capital commitments to its bridge- and event-driven investment vehicle. The commitments are from new and existing institutional investors and bring 3650’s BED platform to $1.35 billion.
3650’s BED platform focuses on investments for borrowers pursuing ground-up construction, acquisitions, repositionings, recapitalizations or the restructuring of partnerships. The company’s strategy works to meet the demand for credit liquidity in the US real estate markets.
“These new capital commitments from public pension systems and sovereign wealth funds are testaments to the success of our investment strategy, which targets high-quality borrowers in well-located markets across the US,” said 3650 REIT co-founder and managing partner Jonathan Roth. “As the real estate landscape continues to evolve, we aim to thoughtfully and creatively deploy capital while maximizing returns for our investors.”
3650 REIT manages in excess of $5 billion in loans and investments across its BED and SCF lending platforms.
