NEW YORK CITY-Related Companies and Highbridge Principal Strategies report they have formed a joint venture to manage a new credit platform that will invest $800 million in real estate debt.

The two New York City-based companies state the investments will focus on providing gap financing for “projects in transition in the United States.” The joint venture will source investment opportunities across the nation with a focus on gateway cities including New York, Boston, Chicago, Washington, DC, Los Angeles, San Francisco and Miami and select secondary markets that “demonstrate strong supply/demand imbalances.”

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