Highcross real estate fund rides to REC 6 rescue
Noteholders in the troubled Alburn Real Estate Capital 6 (REC 6) CMBS were discussing whether to accept a tender offer backed by Highcross, a real estate investment fund, this week. This is one of the first CMBS where a third party has put in capital with a view to buying out the whole loan.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast