Related Fund Management invests $218m

Related Fund Management has closed $218m in debt investments, including three mezzanine loans on residential development projects in three US cities and $142m in preferred equity on a multi-family portfolio. The financing includes a $30m mezzanine loan to Developer Carl Dranoff on the 82-unit One Riverside condos in the Fitler Square neighborhood of Philadelphia; a $29.4m mezzanine loan to Century West Partners on a 398-unit multifamily project in the Koreatown neighborhood of Los Angeles; and a $16.5m mezzanine loan to developer Fifield Companies on the 310-unit NEXT at NoCA project in the River North area of Chicago.