RXR and Liberty Mutual Investments (LMI), the investment arm of Liberty Mutual Group, have announced an expansion of their long-term strategic partnership. As part of this enhanced collaboration, the two firms plan to target $1 billion in credit deployments across the capital stack. This includes senior loans, subordinate financing, construction financing, and flexible preferred equity.
In addition to this initiative, LMI has taken the lead role in a $250 million investment-grade corporate bond financing for RXR. This loan is collateralized by diversified revenue streams sourced from RXR’s property management, asset management, development, and credit operations. New York Life also participated in the financing round.
LMI and RXR have maintained a strategic relationship since 2010.
“The market is undergoing a significant evolution, creating some of the most compelling opportunities we’ve seen in years,” said Scott Rechler, Chairman and CEO of RXR. “RXR’s vertical integration and operating expertise provide a distinct advantage in sourcing investments and managing risk. With a wave of low-interest loans maturing, we’re well-positioned to step in and deliver strong, risk-adjusted returns for our investors.”
