Global real estate investment management TH Real Estate has formed a $1 billion joint venture partnership with The Korean Teachers’ Credit Union (KTCU) to invest in commercial real estate loans in the US, PDI’s sister publication PERE reports.
In an exclusive interview with PERE, Jack Gay, TH Real Estate’s global head of debt, said the capital will be deployed in modest-leverage mezzanine and subordinate debt investments, as well as lower-rated single asset commercial mortgage-backed securities.
