$841M
in capital committed since 1999
22
real estate firms
53
investments
What we look for in real estate partnerships
- Established development companies in large, high-growth North American markets
- Residential housing developments, land development and lot servicing, and mixed-use and industrial
- Projects with a 3- to 7-year horizon requiring $10 million to $25 million of junior capital
Use of capital
- Land acquisitions
- Predevelopment and preconstruction soft costs
- Equity top ups required to secure senior construction financing
We can provide capital positioned between senior bank financing and the developer’s equity, and our subordinated loans often feature:
- Funding for 50% to 80% of the required project equity
- Accruing paid-in-kind base-interest coupons
- Profit participation after the sponsor has received its equity plus a base return
- A second-lien mortgage
- A source of patient capital
- Backed by Manulife’s strong financial position
- Able to structure flexible financing solutions
- Knowledgeable about the markets and asset classes in which our development sponsors are active
Meet the team
Meet our real estate equity team
Important information
All information as of March 31, 2023, unless otherwise noted. All dollar amounts are in USD and may be rounded to the nearest billion.