Vets from LNR Property, Canyon Partners join forces to create new REIT

Miami-based CRE lender will be called 3650 REIT

TRD MIAMI /
Apr.April 10, 2018 02:00 PM

Miami skyline (Credit: Pixabay, Public Domain Vectors)

Real estate vets Jonathan Roth, Toby Cobb and Justin Kennedy are joining forces to form a new commercial real estate lender called 3650 REIT.

The company’s products include bridge financing, loan servicing, asset management, opportunistic investments and long-term mortgages on stabilized properties, according to Bisnow.

Kennedy and Cobb co-founded the real estate investment trust’s development affiliate in 2013: Grass River Property, which is based in South Florida and owns 14 development and equity investments spanning more than 1.8 million square feet. The pair were co-CEOs of LNR Property before resigning and founding Grass River following Starwood Property’s 2013 takeover of LNR.

Roth previously worked as president of Canyon Partners Real Estate, and Cobb was previously co-head of U.S. commercial real estate lending for Deutsche Bank.

The headquarters for 3650 REIT will be in Miami, and it will also have offices in New York, Los Angeles, Chicago and Newport Beach. [Bisnow]  – Eddie Small


Related Article

arrow_forward_ios

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan

Virgin Trains may announce 3 new train station sites in South Florida by year-end

arrow_forward_ios