Hines And Rialto Capital Close Office Credit Fund With $1.1 Billion in Commitments
Hines and Rialto Capital have closed their U.S.-focused office credit fund, Hines Rialto Credit Partners, with a total of $1.1 billion in investor commitments from 126 investors. The minimum investment was set at $100K as part of the SEC filing. This marks an increase from its first close in 2024 when it secured $700 million. The fund aims to deploy capital through debt acquisition and new lending strategies, targeting U.S. office credit opportunities. Hines emphasized that investors are increasingly seeking real estate credit grounded in specialized underwriting and market expertise as the sector navigates a significant refinancing cycle. Alfonso Munk of Hines highlighted the importance of understanding underlying asset performance. Recent transactions include a $228.9 million bridge loan for Manhattan’s Textile Building, nearly $100M in loans for three Midtown office buildings owned by Hilson Management, and additional financing activities across New Jersey and San Diego.
Topics: commercial real estate credit fund Hines investor commitments Rialto Capital