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Eastdil Secured is handling the marketing.

The city's MTA has filed a lawsuit to challenge the decision.

The new fund will target distressed real estate debt and small- to mid-balance loans.

The report also highlights a growing focus on short-term sustainability investments.

The new reserves offset a reduction of $938 billion in previous single-family credit loss provisions.

The move will nearly double the trading firm's space at the property.

The fund will also target residential projects.

The move comes as the company sees loan demand spiking.