Värde Named 2023 Real Estate Debt Manager of the Year, Americas by Private Debt Investor

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March 1, 2024

Award Follows Strong Year of Origination Across CRE Lending Platform

NEW YORK and MINNEAPOLIS – Värde Partners is honored to be named Real Estate Debt Manager of the Year, Americas as part of Private Debt Investor’s 2023 awards.

Private Debt Investor’s annual awards acknowledge the achievements of investment managers, allocators, and advisors across the private debt industry. This recognition is the culmination of a broad-based voting process among industry participants.

“It is an honor to be recognized by investors and industry peers as a leader in real estate credit investing,” said Jim Dunbar, Partner and Head of Real Estate Lending at Värde. “Värde has a well-established platform, with robust origination and asset management capabilities, that allows us to lend confidently throughout cycles. We are pleased to support the financing needs of quality real estate borrowers in search of reliable capital solutions as we seek to drive strong results for our investors.”

This achievement comes on the heels of another active year of origination for Värde’s commercial real estate lending platform. Throughout 2023, Värde continued to originate first mortgages secured by well-located collateral spanning multifamily, student housing, hospitality, and mixed-use assets across the United States.

Notable transactions include:

  • $76 million for the acquisition of the St. Regis hotel in Chicago, Illinois.
  • $73 million for the refinancing of a multifamily property in San Francisco, California.
  • $69 million for the refinancing of a new multifamily development in Brooklyn, New York.
  • $63 million for the refinancing of Vie Towers student housing in Hyattsville, Maryland.
  • $57 million for the acquisition of the InterContinental hotel in Houston, Texas.
  • $49 million for the refinancing of a portfolio of student housing properties in California.

Värde has originated over $6.7 billion in CRE loans since 2017 and is strategically positioned to address growing demand as the debt maturity wall and bank liquidity challenges magnify the need for capital solutions.

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.

Disclaimer: The award referenced does not reflect the experiences of any Värde client and readers should not view such information as representative of any particular client’s experience or assume that they will have a similar investment experience as any previous or existing client. The award 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 the Private Debt Investor (PDI) awards is as follows: PDI calls for submissions of award nominations from industry participants. After the nomination deadline closes, PDI’s editorial team considers the nominations alongside its own field research to construct shortlists for each category. Shortlists are published and opened to voting by industry participants. There are no sponsors or panel of judges, and respondents are not allowed to vote for their own firm. The selection of Värde to receive the award was based in part on subjective criteria and, therefore, it is possible that a different editorial team or group of voters may have arrived at a different outcome.