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Morning Calm Launches Mezz Loan and Preferred Equity Platform
Morning Calm Management, an investment and management firm focused on special situation investing and commercial real estate credit, has launched Morning Calm Strategic Credit (MCSC), a $500-million investment vehicle. Ian Russell has joined as senior managing director and will lead MCSC’s investment strategy.
The new vehicle focuses on originating, acquiring and managing mezzanine loans and preferred equity investments in CRE nationwide. MCSC will primarily invest throughout the country’s top 50 MSAs across all property types except office. Investment sizes will generally range between $10 million and $50 million, and MCSC will also consider larger transactions.
“We formed MCSC to help a large and underserved segment of commercial real estate investors secure reliable capital in a challenging and uncertain market,” said Mukang Cho, founder and CEO of Morning Calm. “Ian and I have known each other for a very long time. His vast experience, long-standing relationships and familiarity with our business make him the perfect person to lead this strategy. We look forward to leveraging our track record as a diversified equity and debt investor to deliver bespoke capital solutions that resonate with our partners.”
Russell has more than 20 years of industry experience and has led various middle market-focused investment strategies. Before joining Morning Calm, he was a principal of acquisitions at Singerman Real Estate, the head of new business development at Blue Vista Capital, and an SVP within the real estate investment banking team at JLL.
