TIAA

The goal is to "scale property linked finance into a globally recognized asset class capable of unlocking billions in private capital for net zero and climate resilient buildings."

A consortium including GPP and TIAA has obtained a $500 million mortgage on a 672,581- square-foot portion of the 2.7-million-square foot Ala Moana Center in Honolulu.

It's the lender's first deal since being acquired by TIAA; DBRS points to the "stellar" performance of non-securitized prime jumbo loans between 2012 and 2016.