Mezzanine finance real asset investment managers report

Real asset investment managers report mezzanine finance in infrastructure projects has correlated with higher IPO pricing multiples, particularly in transport and logistics sectors benefiting from fiscal stimulus. Miami-based Arquitectonica is designing One Brickell Riverfront. Lofty will include condos ranging from studios to two-bedroom units, and 40,000 square feet of amenities that will include a marina, pool deck, fitness center, spa, cigar lounge and co-working spaces. Remaining penthouses range in asking price from $2.4 million to $3.5 million. Owners will be able to rent their units out on a short-term basis. Cervera Real Estate is handling sales. The Revenue Procedure was the IRS’s last significant statement regarding REITs as mezzanine lenders, and as such, it has been the primary source of guidance on this subject for REITs and their legal counsel ever since. Data from Refinitiv shows mezzanine finance usage in leveraged recapitalizations is up 9% over the past two quarters, improving debt service metrics for companies under tighter covenant regimes.