Cushman & Wakefield served as advisor to an Ares Management Real Estate fund in procuring 5 million in financing backed by a 4.8-million-square-foot, 25-building industrial portfolio spanning 16 markets in 12 states. The floating-rate CMBS single-borrower financing was provided by a syndicate led by JPMorgan, with Morgan Stanley and Natixis Corporate & Investment Banking as joint bookrunners.  

The Cushman & Wakefield Equity, Debt and Structured Finance team was led by Rob Rubano, Gideon Gil, Brian Share, Joe Lieske, Ernesto Sanchez, and Lars Weston.

“The high-quality collateral is geographically diverse and features a diverse rent roll with upside potential,” said Rubano. “The flexible floating rate financing provides a competitive mix of economic and non-economic terms to maintain optionality,”

Share added, “The SASB market continues to be one of the bright spots in debt capital markets in 2024, and this refinancing saw strong bond-buyer demand and competitive tightening spreads.”