In 2025, QuadReal’s global Real Estate Debt team completed 56 deals totalling $4.79B. These deals supported 7,949 units and 16,753,867 SF of development in its high conviction sectors of living, including multifamily and student housing, industrial and alternatives like self-storage.
Global Living
Last year’s transactions in the living sector furthered QuadReal’s commitment to the asset class with investments topping $2.05B in 2025. Leveraging a research-backed approach, the team focused on markets with structural supply and demand imbalances and strong market fundamentals. In the U.S. alone, the team completed 13 deals totalling $1.43B, compared to $700M of investments in 2024. Notable 2025 deals include a $212.6M three-year floating rate loan for the development of a 1,193-bed student housing property located at Texas A&M University.
Global Industrial
Across the globe, QuadReal completed 25 industrial deals totaling $1.68B and 11,470,470 SF. The majority of these deals took place within Canada, with 18 transactions totalling $1.1B. Key investments in this asset class included a $160M fixed rate construction loan for the development of a 500,000 SF warehouse in Alberta, as well as, an existing $85M land loan that was converted to a $185M floating rate construction loan for the development of two industrial buildings totalling over 800,000 SF of rentable area in the Greater Toronto Area.
Global Alternatives
In addition to lending in the living and industrial sectors, QuadReal is committed to actively lending across the alternatives market with a focus on self-storage and data centres. In 2025, the team closed 13 deals totalling $1.52B including a $105M refinancing loan for an eight asset self-storage portfolio located across key UK markets.
Expansion of UK Debt Presence
In 2025, QuadReal also expanded its lending presence in the UK and European market with the team closing three deals in 2025 totalling $200M. Within the next three to five years, QuadReal intends to commit over $4.6B through direct lending.
“2025 was another significant year for our global debt team,” said Prashant Raj, Managing Director, Debt Investments. “Our approach to debt signals QuadReal’s commitment to building a diversified portfolio across our high conviction sectors and global markets and we look forward to continuing to build upon and grow this area of the business in 2026.” QuadReal’s investment strategy, global experience and local market expertise have established it as one of the top 20 real estate investors globally. Since 2021, QuadReal’s debt team has completed over 220 deals concentrated on high conviction sectors.
