A West Coast pension plan consolidated three fixed-income mandates with Western Asset Management and approved a real estate commitment at its board meeting last week.
The deal combines BGO’s core, core-plus, value-add and debt strategies with Metropolitan’s integrated primary, secondary and co-investment real estate strategies to create a combined and diversified real estate platform.
Aventura, Fla.-based Kawa specializes in real estate financing, including bridge lending, mezzanine financing, structured credit, net leased real estate equity, ground leases and credit tenant leases.