Stonehill CRE group deploys $160 million of capital for shopping malls

Stonehill CRE, the firm’s commercial real estate group, has announced deploying approximately $160 million to finance the acquisition of five malls.

Daniel Siegel, president of Stonehill CRE, said the company continues to provide liquidity for brick-and-mortar malls despite the continued market volatility and capital market trends, as it remains “a necessary component of a retailer’s multi-channel strategy.”

“According to the National Retail Federation, traditional in-store purchases still accounted for the majority of retail holiday spending,” Seigel said. “Our CRE team was able to deliver lending and capital markets solutions that match our sponsors’ business objectives and priorities.”


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