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3650 REIT Announces $580M First Close of $950M Stable Cash Flow II Investment Vehicle

Jan 26, 2021•over 4 years ago

Amount Raised

$580 Million

Miami

Description

3650 REIT (“3650”), a nationwide lender originating and managing portfolio commercial real estate (“CRE”) loans for leading institutional investors, today announced the closing of $580 million in institutional capital commitments in its Stable Cash Flow II investment vehicle. Expanding its existing relationship with 3650, the California State Teachers’ Retirement System (“CalSTRS”) made significant lead investments in the new vehicle with large allocations from both its Fixed Income and Real Estate portfolios.

Company Information

Company

3650 Reit

Location

Miami, Florida, United States

About

3650 (pronounced “Thirty-Six Fifty”) REIT is a nationwide commercial real estate lender originating and servicing portfolio loans for relationship borrowers. 3650 REIT’s highly differentiated lending 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. 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, Chicago, Dallas, and Nashville. For more information, visit: www.3650REIT.com.

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