Search
 
Analysis

Blue Owl Aims to Compete in CMBS Lending Market

Acquires Prima to enter real estate finance market as traditional lenders exit.

Blue Owl Capital, an alternative asset manager with an estimated $165B AUM, is aiming to be a major player in real estate financing with its $170M acquisition of Prima Capital Advisors, a lender specializing in CMBS.

New York-based Blue Owl announced last week it is acquiring Prima, which is majority owned by Greenwich, CT-based Stone Point Capital, in a transaction that will be funded by a combination of $157M of equity and $13M of cash.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Rogers

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.