3650 REIT Announces $575M in New Commitments to $1.35B Bridge and Event-Driven Investment Platform

Continued interest from public pension system, sovereign wealth fund and others demonstrates strength of 3650’s Bridge and Event-Driven lending strategy

MIAMI--()--3650 REIT (“3650”), a commercial real estate investment firm originating and servicing portfolio loans for relationship borrowers in addition to other strategic investments, today announced the closing of $575 million in institutional capital commitments in its Bridge- and Event-Driven (BED) investment vehicle. These new capital commitments are from new and existing institutional investors, and bring 3650’s BED platform to $1.35 billion.

“We are delighted to expand our relationships and forge new ones with top institutional investors,” said 3650 REIT Co-Founder and Managing Partner Jonathan Roth. “These new capital commitments from public pension systems and sovereign wealth funds are testaments to the success of our investment strategy, which targets high-quality borrowers in well-located markets across the U.S. As the real estate landscape continues to evolve, we aim to thoughtfully and creatively deploy capital while maximizing returns for our investors. We look forward to building upon our longstanding relationships with each organization.”

3650's BED platform, which focuses on a variety of short-term bridge and event-driven investments for borrowers pursuing ground-up construction, acquisitions, repositionings, recapitalizations or the restructuring of partnerships. Along with 3650’s long-term, fixed-rate Stable Cash Flow (“SCF”) investment platform, the company’s strategy works to meet the consistent demand for credit liquidity in the U.S. real estate markets.

3650 REIT Co-Founder and Managing Partner Toby Cobb stated, “Through the challenging pandemic environment, 3650’s actively managed loan portfolio has performed admirably, with zero directly originated loans currently delinquent or on non-accrual. At the end of the day, the out-performance in our loan portfolio speaks volumes for our brand of credit underwriting and showcases our emphasis on ongoing service relationships with our borrowers.”

3650 REIT manages in excess of $5 billion in loans and investments across its BED and SCF lending platforms.

About 3650 REIT

3650 (pronounced “Thirty-Six Fifty”) REIT is a nationwide commercial real estate investment firm originating and servicing portfolio loans for relationship borrowers in addition to other strategic investments. 3650 REIT’s highly differentiated investment process, national scale, vertically integrated platform and Rated Special Servicer status enable it to deliver tailored financing solutions, high-touch service and reliable, customer-focused outcomes. Additionally, 3650 REIT’s ability to retain the risk on each investment allows it to closely manage its portfolio while incorporating ESG best practices. Co-Founders and Managing Partners Toby Cobb, Justin Kennedy and Jonathan Roth have played leading roles in the evolution of the CRE debt markets. Headquartered in Miami, Florida with offices in New York, Los Angeles, Dallas, Atlanta and Nashville. For more information, visit: www.3650REIT.com.

THIS INFORMATION DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY, AN INTEREST IN ANY JURISDICTION.

Contacts

Media:
Greg Michaels, ICR for 3650 REIT
Gregory.Michaels@icrinc.com | 646-677-1836

Contacts

Media:
Greg Michaels, ICR for 3650 REIT
Gregory.Michaels@icrinc.com | 646-677-1836