Castlelake said the collaboration will provide easier access to "attractive pricing."

All the properties are located in the Sunbelt region.

Much of the funding is being used to redeem the REIT's preferred equity in the JV.

The investments will be spread across a range of asset classes.

The performance of Class A's wasn't enough to stop the negative trend.

Fundamentals are expected to remain stable in the second quarter.

The momentum carried over to leasing, which was up 29.4 percent from the fourth quarter.

Hudson Bay Capital provided the loan to Biddle Real Estate, King Street Capital, and PCD.