Articles from Southern Realty Trust Inc.

WEST PALM BEACH, Fla., March 18, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced that it closed on a $15.5 million commitment to a $62.0 million senior loan originated by the TCG Real Estate platform to refinance The Bohéme, a Class-A Multifamily asset in Dallas, TX (“Bohéme” or “Property”), with $14.7 million of the SRT commitment funded at closing. The remaining $46.5 million of the total loan is held by an affiliate on the TCG Real Estate platform. The sponsor, ​Kairoi Residential (“Kairoi”), is a top-tier vertically integrated investment, development, and property management company specializing in Class-A+ urban multifamily projects. Since 2003, Kairoi has transacted on $9.8 billion with projects comprising over 69,000 multifamily units across 20 metro areas in the U.S.

WEST PALM BEACH, Fla., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) | Real Estate platform, today announced that it closed on a $20.0 million commitment to a $74.5 million senior loan originated by the TCG Real Estate platform for the construction of Shell Plaza (the “Project” or “Shell Plaza”) in New Orleans. Located on Convention Center Boulevard and Henderson Street on a 1.6-acre parcel, the build-to-suit net lease property will serve as regional headquarters for Shell USA Inc. (the “Tenant”). The remaining $54.5 million of the loan was syndicated to two affiliates on the TCG Real Estate platform (comprising $44.5 million) and another affiliated lending partner (comprising $10.0 million). The sponsor is a partnership between Lauricella Land Company (“Lauricella”) and Cypress Equities (“Cypress”), leveraging Lauricella’s long-standing relationships with the Shell team in New Orleans and Cypress’ demonstrated expertise in large build-to-suit developments.

WEST PALM BEACH, Fla., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), part of TCG Real Estate, today announced that it closed a senior secured revolving credit facility (“Credit Facility”), with East West Bank serving as agent and providing an initial commitment of $50 million, with the ability to expand to $200 million, subject to certain conditions and lender participation. Proceeds will support unfunded commitments under existing loans, new commercial real estate (“CRE”) loan originations aligned with SRT’s strategy, and general corporate purposes.

WEST PALM BEACH, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), an affiliate of TCG Real Estate, today announced that it has committed $10.3 million to a $41.0 million note-on-note bridge loan. This loan is for the full repayment of an existing senior mortgage on a mixed-use asset, the “Project” or “Property”, featuring senior living, medical office, and retail located in an upscale suburb of Miami, FL. The remaining $30.8 million is held by an affiliate on the TCG Real Estate platform. The sponsor, Dornin Investment Group (“DIG” or the “Sponsor”), is a skilled operator with expertise in resolving non-performing loans (“NPLs”) with seven realized NPL deals over the last 10 years, all resulting in positive returns and over $725 million in total NPL investments.

WEST PALM BEACH, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated a senior loan in the aggregate amount of $57.0 million for the refinancing of The Loren at Lady Bird Lake (the “Project” or “The Loren”), a luxury hotel located in Austin, Texas. The Sponsor is The Loren Group, a leading real estate company that specializes in developing, owning, and managing luxury hotels in high-demand destination markets. SRT holds $25.0 million of the loan, while the remaining $32.0 million was syndicated to an affiliate on the TCG Real Estate platform. JLL Capital Market’s Debt Advisory team representing the borrower was led by Wally Reid and Scott Dickey.

WEST PALM BEACH, Fla., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated and an affiliate of SRT agented a $26.0 million subordinate loan for the development of Excel Miami Apartments (“Excel” or the “Project”), a 24-story multifamily tower located at 1550 NE Miami Place in Miami’s Art & Entertainment District. The Sponsor is Clearline Real Estate (“Clearline”), a real estate investment and development firm led by Jenny Bernell. Clearline is headquartered in New York and Miami and focuses on multifamily real estate investments across growing U.S. regions.

WEST PALM BEACH, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it has committed $60.0 million of a $96.0 million senior loan for the development of the Sixth & Rio condominium project (the “Project”) in Fort Lauderdale, Florida, with an affiliate holding a participation interest with respect to $30.0 million of SRT’s $60.0 million commitment. The remaining $36.0 million of the total loan amount was syndicated to two co-lenders, one of whom is an affiliate of SRT. The Sponsor is OceanLand Investments LLC (“OceanLand”), a Fort Lauderdale-based real estate development firm with extensive experience in luxury waterfront properties.

WEST PALM BEACH, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated and an affiliate of SRT agented a senior credit facility in the aggregate amount of $160.0 million for the development of Panther National (the “Project”), a residential and golf community in Palm Beach Gardens, Florida. The Project sponsor is Centaur Holdings (“Centaur”), a global investment holding company with a diversified portfolio across various sectors. Faisal Ashraf, Managing Partner of Lotus Capital Partners, arranged and structured the financing on behalf of Centaur.

WEST PALM BEACH, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated and an affiliate of SRT agented a senior loan in the aggregate amount of $42.0 million for the refinancing of the Thompson San Antonio Hotel (the “Project”). The Sponsor is DC Partners, a Houston-based real estate development and investment firm specializing in luxury high-rise residential, mixed-use, and hospitality projects. This marks the second transaction that SRT has completed with DC Partners.

WEST PALM BEACH, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated and agented a senior loan in the aggregate amount of $35.2 million for the refinance of Jovie Belterra (the “Project”), a 150-unit 55+ age-restricted active adult multi-family rental development in the Greater Austin area, southwest of downtown Austin. Spanning over 140,000+ net rentable square feet, the Project is nestled in the Belterra Master Planned Community in Dripping Springs of Hays County in Austin’s Hill Country, one of the most sought-after and fastest-growing counties in Texas, ranking among the top in growth in the United States over the past decade.

WEST PALM BEACH, Fla., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated a mezzanine loan in the aggregate amount of $56.4 million for Aster & Links (the “Project”), a multi-family community development with ground floor retail located on Main Street and Links Avenue in Sarasota, Florida. Spanning over 650,000 square feet, the Project is located in downtown Sarasota, which has attractive supply/demand fundamentals and strong population growth in recent years.

WEST PALM BEACH, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated a $56.4 million mezzanine loan for The Allen (the “Project”), a 35-story mixed-use project situated on Allen Parkway and the Buffalo Bayou Park in Houston, Texas. The Project is located in Houston’s Inner Loop between Downtown and River Oaks.