Declaration Management & Research (DMR), an operating company of Manulife Asset Management, has unveiled the DMR CRE Debt Fund I. The vehicle focuses on special situation recapitalizations of U.S. commercial real estate of all types. The fund will seek an all-in yield through opportunistic distressed debt acquisitions, discounted pay-offs and new senior and mezzanine financing. Manulife Financial and its U.S. division, John Hancock Financial, will provide the co-investment capital for the fund.
Click here for the release from PR Newswire.