Menu Press Release November 17, 2021 Broadmark Realty Capital Closes $100 Million Senior Unsecured Notes Offering Alston & Bird acted as counsel to Piper Sandler as the placement agent for a private offering of $100 million in senior unsecured notes by Broadmark Realty Capital Inc. Broadmark closed the placement of 5.0% senior unsecured notes due 2026 on November 15. The company will use the net proceeds from the offering to originate new investments relating to its business. Headquartered in Seattle and listed on the New York Stock Exchange, Broadmark is an internally managed commercial real estate finance company that offers short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, or development of residential or commercial properties. Advising Piper Sandler was an Alston & Bird team led by partners Michael Kessler and David E. Brown and associate Joel Jung (Financial Services & Products), partner Shawna Tunnell and senior associate Stefanie Kavanagh (Federal & International Tax), and partner Paul Hespel and senior associate David Rutherford (Finance). Michael J. Kessler Partner Phone: 212.210.9566 Email: michael.kessler@alston.com David E. Brown, Jr. Partner Phone: 202.239.3345 Email: david.brown@alston.com View All Contributors Related News & Insights All News Publications Events Blogs Videos Press Release November 19, 2021 Brookfield Completes Transition of Public, Non-listed REIT from Oaktree Alston & Bird client Brookfield Asset Management Inc. has completed the transition to advising Brookfield Real Estate Income Trust Inc. (formerly Oaktree Real Estate Income Trust Inc.), a public, non-listed real estate investment trust (REIT) formerly overseen by subsidiary Oaktree Capital Management. The total asset value of the REIT is approximately $1 billion. Press Release November 8, 2021 Ready Capital to Acquire Credit Funds from MREC Management for $550 Million Alston & Bird acted as legal advisor to real estate finance company Ready Capital Corporation in its announced $550 million acquisition of a series of privately held, real estate structured finance funds, with a focus on construction lending and workforce housing, managed by MREC Management LLC. In the News November 5, 2021 SNL Financial Services Daily | Ready Capital to Acquire Real Estate Structured Finance Opportunities Funds Alston & Bird is highlighted for advising Ready Capital Corporation in its announced $550 million acquisition of a series of privately held, real estate structured finance funds managed by MREC Management LLC. In the News November 4, 2021 Mergermarket | Ready Capital Agrees to Acquire Three Real Estate Structured Finance Opportunities Funds from MREC Management Alston & Bird is highlighted for advising Ready Capital Corporation in its announced $550 million acquisition of a series of privately held, real estate structured finance funds managed by MREC Management LLC. In the News November 2, 2021 Law360 | Eagle Hospitality OK’d for $9M in Deals with Marriott, IHG William Hao and Douglas Harris are noted for representing IHG Hotels and Resorts in settling claims from the liquidation of Eagle Hospitality Trust S1 Pte. Ltd. Press Release October 26, 2021 Ready Capital Corporation Closes $350 Million Senior Secured Notes Offering Alston & Bird acted as counsel to Piper Sandler and Keefe, Bruyette & Woods as the placement agents for a private offering of $350 million in senior secured notes by a subsidiary of real estate finance company Ready Capital Corporation. Press Release October 13, 2021 Jason Goode Honored with IPA 2021 “Outstanding Service Award” Jason Goode, partner in Alston & Bird’s REITs & Funds Team, has been recognized by the Institute for Portfolio Alternatives (IPA) with its 2021 “Outstanding Service Award.” Press Release September 23, 2021 InPoint Commercial Real Estate Income Closes Upsized $87.5 Million Public Offering of Preferred Stock Alston & Bird acted as counsel to InPoint Commercial Real Estate Income Inc., a commercial mortgage REIT, in its underwritten public offering of $87.5 million of Series A preferred stock. The offering was novel because it marked the company’s capital markets debut on the New York Stock Exchange with a public offering of preferred stock rather than the more customary offering of common stock. Webinar July 22, 2021 The Institute for Portfolio Alternatives (IPA) New and Emerging Sponsor Workshop - How Regulatory and Legislative Activities Impact Product Offerings Jason Goode is a panelist on “How Regulatory and Legislative Activities Impact Product Offerings,” the IPA’s New and Emerging Sponsor Workshop series that allows new sponsors to learn from experienced industry leaders and members. Webinar July 15, 2021 The Institute for Portfolio Alternatives (IPA) New and Emerging Sponsor Workshop - Registered Product Structure Overview Rosemarie Thurston is a panelist on “Registered Product Structure Overview,” the IPA’s New and Emerging Sponsor Workshop series that allows new sponsors to learn from experienced industry leaders and members. 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