IRHM, Your Global Window into Real Estate and Hospitality

September 7, 2026

Real Estate Economics

Direct commercial lender X-Caliber Capital Holdings has closed an additional $131 million Rural PACE-X financing deal for Phase II of Marcella Landing in Park City, Utah. Developed by Reef Capital Partners, the ultra-luxury ski community has now received $313.2 million in total funding from X-Caliber. The capital will fund a second phase of townhomes and supporting infrastructure at Deer Valley East Village.
Avida Land and Amaia Land have signed a strategic partnership with Pag-IBIG Fund to widen housing options for Filipino workers. The agreement allows eligible members to access Pag-IBIG housing loans of up to ₱10 million for select properties. By combining private sector development with government-backed financing, the initiative aims to make quality homeownership more attainable across various income brackets.
eMaxx has introduced a Commercial Property Program powered by the eMaxx Reciprocal Insurance Exchange. Designed for building owners facing premium volatility and disputed valuations, the policyholder-owned structure rewards commercial property owners who invest in proactive risk management. Coverage is available to businesses meeting Highly Protected Risk Catastrophe standards, with primary insurance provided through an A.M. Best A-rated carrier and reinsurance supported by the eMaxx Reciprocal.
GO Residential REIT has agreed to purchase 27 properties from H&R REIT for approximately US$2.8 billion. The deal expands GO's presence across the US Sunbelt region and New York City, adding nearly 13,300 suites to its portfolio. Following completion in late 2026, the combined entity will become Canada's second-largest publicly traded residential REIT by enterprise value while improving its leverage profile.
AREIT, Inc. recorded a 36 per cent increase in first-half net income to P5.8 billion, driven by strong revenues and portfolio expansion. Total revenues rose 30 per cent to P7.7 billion, while assets under management reached P159.4 billion. The firm has proposed a P20 billion asset infusion from Ayala Land, Inc., which will increase its total portfolio value to P179 billion following pending regulatory approvals.
ESR has exercised an upsize option on its sustainability-linked refinancing facility after beating its initial US$2 billion target due to high demand from international lenders. The five-year multi-currency loan facility consolidates existing debts and supports expansion across Asia-Pacific logistics real estate, data centres and energy infrastructure. The move follows US$1.1 billion in net debt repayments completed in 2025 as part of ongoing deleveraging plans.

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