Tikehau partners with developer Brodsky to target US RE debt
Tikehau Capital has partnered with The Brodsky Organization to invest $500m (£377.4m) in real estate debt investments across the US.
The partnership will provide tailored credit solutions to counterparties and stakeholders, with a focus on the New York tri-state area and the residential and hospitality sectors.
It will combine Tikehau Capital’s global asset management platform, which manages $60bn in assets, with family-owned developer Brodsky’s 75 years of experience in the US real estate market, particularly in the multifamily sector.
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“By combining Brodsky’s local insight, our experience in real estate investing, and our global platform, we aim to deliver constructive capital solutions to the US real estate sector,” said Mathieu Chabran, co-founder, Tikehau Capital.
The partnership comes as Tikehau expands its US presence, targeting select credit and equity real estate opportunities after establishing an office in New York. The firm manages $27.3bn through its global credit platform and has $16.2bn invested in real assets.
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So far, it has invested in seven real estate transactions in the tri-state area across the hospitality, industrial, residential and retail sectors.
“The Brodsky Organization is excited to partner with Tikehau Capital to provide debt and structured equity tailored to meet the needs of high-quality real estate sponsors,” said Dean Amro, principal, The Brodsky Organization. “Our combined expertise and nuanced understanding of risk allows us to fill the gaps left by traditional lenders and invest in the development of growing communities in New York and across the country.”
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