BGL's Real Estate Team Advises Forms+Surfaces on Sale-Leaseback with Institutional Net Lease Buyer
Why this matters
Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. Phoenix is at the front of the Sun Belt multifamily rent-growth recovery and continues to absorb large-format industrial along the I-10 corridor. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 26th Phoenix story tracked on the wire in September 2026. All Phoenix coverage →
- Disclosed capital deal value tracked in September 2026: $22.2B across 48 reported transactions.
Computed from Real Estate Trail’s own tracked coverage
The five-property portfolio supports Forms+Surfaces' architectural and site products businesses in Pittsburgh and Phoenix. CLEVELAND, Sept. 30, 2026 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading indepe…
External link. Real Estate Trail does not republish source content.
Related coverage — Phoenix · Capital
Värde Partners Supplies $66M Refi for Phoenix Single-Family Rental Property
Arizona developer Empire Group has sealed a $65.5 million loan to refinance a newly built single-family rental (SFR) community in Phoenix, Commercial Observer has learned. Värde Partners closed the three-year floating…
PHOENIX INVESTORS ACQUIRES INDUSTRIAL PROPERTY IN NEWPORT NEWS, VIRGINIA
Company purchases approximately 378,000 SF on 27 acres adjacent to Newport News/Williamsburg International Airport NEWPORT NEWS, Va., Sept. 29, 2026 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix"), a nat…
Empire Lands $65.5M Refi on Phoenix BTR Community
Värde Partners closed on a $65.5 million loan to refinance Village at Sonoran Vista, a newly delivered build-to-rent community in Phoenix, Arizona. The financing was provided to the Empire Group to support the lease-u…
D.R. Horton Divests of 260-Unit Ascend at Black Canyon Multifamily Property in Phoenix
PHOENIX — D.R. Horton has completed the disposition of Ascend at Black Canyon, an apartment community in Phoenix, to Millburn & Co. for $58.7 million, or $225,769 per unit. Steve Gebing and Cliff David of Institutiona…