Barings, which is one of the world’s largest diversified real estate investment managers, announced it has provided a $548.5 million loan to refinance a portfolio of nine multifamily communities totaling more than 2,500 units across six states: Arizona, Colorado, Missouri, Minnesota, Michigan, and Florida. This portfolio is owned by Thompson Thrift, a nationally recognized real estate development firm, which delivered the assets between Q1 2024 and Q2 of this year.
These properties range from 91 to 344 units and feature luxury amenity packages and premium interior finishes. And each community is strategically located near major retail corridors and employment hubs, reinforcing long-term demand in high-growth multifamily markets.
This deal expands Barings’ $23.79 billion real estate debt platform, which utilizes the firm’s direct origination capabilities and deep credit expertise to invest in loans secured by institutional-quality commercial real estate.
Advisors: JLL Capital Markets served as the exclusive advisor to Thompson Thrift on the deal. And the team was led by Mark Gibson, Matthew Lawton, Danny Kaufman, Medina Spiodic, and Mackenzie Jones.
KEY QUOTES:
“We’re excited to partner with Thompson Thrift, a proven leader in the development of Class A multifamily product. This portfolio represents the type of high-quality, well-located real estate we seek to finance—backed by experienced sponsorship and well-positioned for strong performance in today’s market.”
Daniel Hedgepeth, Director at Barings
