Värde Provides $105 Million Loan for Newly Developed California Multifamily Property

MINNEAPOLIS – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that it has provided Windy Hill Property Ventures, a firm specializing in real estate development in the Greater Bay Area, with $105 million in construction takeout refinancing for the Artisan Crossing apartment complex in Belmont, California.

The bridge financing supports the lease-up of the newly developed 250-unit multifamily community, which is positioned to capture demand for premium rental options around the Silicon Valley area. The floating rate loan, which has a three-year initial term with two one-year extension options, was arranged by JLL led by Chris Gandy and Tom Gilliland.

Artisan Crossing is conveniently located near the Belmont Caltrain and features generous amenities, such as a fitness center, pool, dog spa, clubroom with rooftop deck, conference room, work pods and underground parking.

“We are delighted to partner with Windy Hill Property Ventures on Artisan Crossing, a rare institutionally scaled Mid-Peninsula multifamily community in the high-demand Silicon Valley housing market,” said Jon Miller, Managing Director at Värde. “Värde takes pride in being a trusted capital solutions partner for strong commercial real estate sponsors.”

Värde has 30 years of experience investing in real estate and has originated more than $7 billion in commercial real estate loans since 2017. Through its CRE lending program, Värde is a non-recourse, balance sheet lender financing all major asset classes. Värde focuses on providing flexible capital and certainty of execution to meet the needs of experienced real estate investors.
About Värde Partners

Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages over $13 billion in assets with teams in North America, Europe and Asia Pacific focused on Corporate & Traded Credit, Real Estate and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.
About Windy Hill Property Ventures

Windy Hill Property Ventures (“WHPV”) is known for our deliberate proximity to our investment properties in both multifamily and commercial markets. WHPV has successfully acquired, repositioned and sold more than 50 Bay Area assets valued in excess of $750 Million since its inception. Acquisitions have included multifamily, commercial and mixed-use assets. WHPV currently owns and operates a dozen local assets as long term holds valued in excess of $750 million.

About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Värde Provides $185 Million Refinancing for 20-Property Self-Storage Portfolio

MINNEAPOLIS — Värde Partners, a leading global alternative investment firm, today announced that it has provided a $185 million loan for the refinancing of a multi-state self-storage portfolio to a joint venture between Metro Storage and Fremont Realty Capital.

The portfolio comprises 20 state-of-the-art, Class A self-storage facilities in mature markets across six states: Illinois, New Jersey, Pennsylvania, Minnesota, New York, and Wisconsin. With 14,215 units in total, the assets include over 1.55 million net rentable square feet.

The floating-rate bridge loan, structured by Talonvest Capital, has a three-year initial term with two one-year extension options. It will be used to refinance the existing debt on the portfolio, allowing the joint venture time and flexibility to capitalize on the portfolio’s growth potential.

“Värde welcomed the opportunity to partner with deeply experienced, institutional companies in the self-storage industry as a trusted provider of capital,” said Jon Miller, Managing Director at Värde. “This significant transaction underscores the strength and continued growth of our platform and the range of compelling opportunities to lend in sectors with strong fundamentals.”

Building on a period of increased demand during the pandemic, Värde sees the self-storage sector as positioned to continue benefitting from current market dynamics such as population growth and higher home prices. With younger generations renting for longer due to higher interest rates and property costs, self-storage fills an important need. Lower sensitivity to economic downturns as well as generally low maintenance and capex needs add to the appeal of the asset class.

Värde has 30 years of experience investing in real estate and has originated over $7 billion in commercial real estate loans since 2017. Through its CRE lending program, Värde is a non-recourse, balance sheet lender financing all major asset classes. Värde focuses on providing flexible capital and certainty of execution to meet the needs of experienced real estate investors.

About Värde Partners
Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages approximately $13 billion in assets with teams in North America, Europe, and Asia Pacific focused on Corporate & Traded Credit, Real Estate, and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.

About Fremont Realty Capital
Fremont Realty Capital is the real estate private equity business unit of the Fremont Group, the investment office of the Bechtel family of San Francisco. Since formation in 1997, Fremont Realty Capital has provided investors with superior risk-adjusted returns and value-creation through investments in non-traditional and traditional real estate sectors, both domestically and abroad. Our success results from a disciplined investment strategy, enduring relationships with best-in-class operating partners, and the collective experience of the firm’s principals. The firm has made investments in more than 13 countries across the United States and Europe over 25 years totaling more than $5 billion of total capitalization.

About Metro Storage
Metro Storage, based in the Chicago area, is a privately owned, fully integrated, international self-storage company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Central America. Metro operates under the trademark “Metro Self Storage” in the US, and is one of the top 10 largest owner/operators of self-storage facilities in the United States with over 85 stores covering 12 states, representing over 6.1 million rentable square feet. Metro Storage International (MSI) has an affiliate/partner in Central America which operates under the trade name “Mr. B,” and is Central America’s leading self-storage operator with locations throughout Guatemala, El Salvador, and Costa Rica. More information about the firm is available at www.metrostorage.com.

About Talonvest Capital
Talonvest Capital leverages their extensive industry experience to source cutting-edge lending programs and advise on capital market trends for self-storage, industrial, multifamily, office and retail owners. They have negotiated over $11B in capital for clients and their properties across the country.

Marcia Page Awarded 2024 Trailblazer Award by With Intelligence at Women’s Private Credit Summit

MINNEAPOLIS – Värde Partners, a leading global alternative investment firm, and MPowered Capital, an investment firm established to invest in best-in-class female and other underrepresented talent in the alternative investment space, are delighted to announce that Marcia Page is the recipient of With Intelligence’s 2024 Trailblazer Award.

This award, in recognition of Marcia’s notable career and accomplishments as a pioneer in the alternatives industry, was presented at the With Intelligence Women’s Private Credit Summit in Chicago on June 12th.

Marcia co-founded Värde Partners in 1993, overseeing the firm’s growth from a Midwest start-up to a leading global alternative investment firm. She served as Co-CEO and Co-CIO from the firm’s founding until she transitioned to an Executive Chair role in 2016. Marcia is one of only a few female founders of a successful alternative asset manager that now has a 30-year track record.

Among her many accomplishments throughout her monumental career, Marcia has been an advocate of driving diversity, equity and inclusion in the finance industry and has committed significant time and capital to help champion these efforts. Most recently, Marcia launched MPowered Capital, which aims to accelerate the growth and equity of female and other underrepresented talent in the industry by providing them access to the necessary capital, commitment and connections to help grow their firms.

MPowered operates as an independently-managed investment firm and has been developed in collaboration and partnership with Värde Partners to leverage certain business and operational capabilities.

About Värde Partners

Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages approximately $13 billion in assets with teams in North America, Europe and Asia Pacific focused on Corporate & Traded Credit, Real Estate and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.

About MPowered Capital

MPowered Capital, a women-led, independently-managed investment firm, invests in best-in-class diverse talent (including women, racial/ethnic minorities, and other underrepresented groups) in private alternatives. The firm brings a powerful blend of investment experience, business-building expertise, and a robust industry network to help diverse investing talent reduce start-up friction, accelerate growth, and build for scale. MPowered believes it is uniquely positioned to provide its investors with diversified investment opportunities through GP structured partnerships, direct/co-investments and fund investments while seeking to generate superior risk-adjusted returns. By providing diverse investment talent with access to capital, commitment and connections, MPowered also seeks to accelerate equity in the industry. For more information, visit www.mpoweredcapital.com.

Värde Recognized by Reorg as the Most Active India Private Credit Lender in FY2023/24

MUMBAI – Värde Partners is pleased to be recognized by Reorg as the most active private credit provider in India based on Reorg’s deal tracking for India’s 2023/24 fiscal year. The full report is available here.

Värde brings a partnership approach to structuring tailored capital solutions for borrowers representing a diverse range of industries. The firm’s local knowledge, developed over 16 years in Asia Pacific with offices in Mumbai and Singapore, is complemented by a global relative value perspective. We believe the combination of India’s economic growth trajectory, local banking system restrictions, and increasing market orientation toward non-bank lending creates a sustainable structural premium for investing in the region. The need for private capital solutions in India has increased markedly, and we believe the long-term outlook for private credit is positive.

Disclaimer: This recognition is not indicative of the past or future performance of any Värde product or service and should not be relied upon as an indication of future performance of Värde or any of its funds. The methodology for this recognition is set forth in the report linked above.

Värde Partners and David Weekley Homes Announce Land Banking Joint Venture

MINNEAPOLIS – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, and David Weekley Homes, one of the largest privately-held national home builders, today announced the formation of a joint venture to land bank residential communities for David Weekley Homes across the nation.

The land banking facility, provided by Värde, offers significant capacity to acquire and develop residential lots in high-demand U.S. markets, such as Phoenix, Tampa, Atlanta, Orlando and Charlotte. David Weekley Homes will manage the sourcing and land development.

The joint venture has already closed on two projects in Phoenix, totaling over $100 million of project costs, and expects to scale the partnership with a pipeline of deals projected to close over the coming months.

“We are pleased to formalize this new relationship with Värde, which will support our company’s growth goals and align with our longstanding asset-lite strategy,” said Heather Humphrey, Chief Financial Officer at David Weekley Homes. “The firm’s extensive experience investing in residential land development and reputation within the market made them a great partner for this venture. We are excited to have established this facility and look forward to an enduring partnership.”

“Värde’s vast experience in U.S. housing and land development positions us as a valuable partner and provider of capital to homebuilders,” said Brendan Bosman, a Senior Managing Director at Värde Partners. “David Weekley Homes is a preferred home builder in several master-planned communities in which Värde invests and has a reputation for operating with integrity and delivering high-quality homes. We are excited to embark on this partnership with them.”

Värde has 30 years of experience investing in real estate credit and assets with deep expertise across all major asset classes. The firm’s investments in U.S. residential real estate and home building include strategic land banking partnerships and a portfolio of master-planned communities. Värde’s global real estate team is supported by in-house asset management professionals as well as a partnership with an industry-leading servicer and asset manager.

About David Weekley Homes
David Weekley Homes, founded in 1976, operates in 19 markets across the United States and is headquartered in Houston. David Weekley Homes was the first builder in the United States to be awarded the Triple Crown of American Home Building, an honor which includes “America’s Best Builder,” “National Housing Quality Award” and “National Builder of the Year.” David Weekley Homes has been recognized 17 times by Great Place to Work® and Fortune magazine as one of the 100 Best Companies to Work For. Since inception, David Weekley Homes has closed more than 120,000 homes. For more information about David Weekley Homes, visit the company’s website at www.davidweekleyhomes.com.

Värde Provides €70 Million Refinancing Loan for Dublin Multifamily and Hospitality Properties

LONDON – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that an entity owned by Värde-managed funds has provided a €70 million loan to the Moran Group for the refinancing of commercial real estate assets in Dublin, Ireland.

The loan is backed by the newly developed Rockpoint apartment complex in south Dublin as well as the Red Cow Moran Hotel and adjacent Red Cow Inn pub located in southwest Dublin. The Moran Group, run by the Moran family of prominent hoteliers, has owned and operated the Red Cow complex for more than 30 years. Rockpoint, completed in January 2024, is the newest addition to their portfolio of residential properties.

“We would like to thank Värde Partners for backing us on this financing, and we look forward to growing our business with their continued support,” said Michael Moran, a Director at the Moran Group.

“This deal exemplifies Värde’s tailored, partnership approach to structuring financing solutions for strong borrowers backed by well-located assets,” said Tony Iannazzo, a Partner at Värde. “We are pleased to partner with the Moran Group during an exciting chapter in their history, particularly with the launch of Rockpoint, bringing high-quality housing to the undersupplied Dublin market. We welcome opportunities to work with asset owners across Europe as they navigate a dynamic real estate market.”

Värde has 30 years of experience investing in real estate credit and assets with deep expertise across all major asset classes. Värde’s global real estate team is supported by in-house asset management professionals as well as a partnership with an industry-leading servicer and asset manager. As an originator of real estate credit solutions, Värde seeks to provide flexible capital and certainty of execution to borrowers.