Canada Pension Plan Investment Board will own 96 percent of its new apartment development venture with Lennar Corp.

Gridline joins other digital platforms, such as CAIS and iCapital, in providing advisors with better access to alternatives and removing many of the challenges of investing in the private markets.

After more than two years of heavy lending on multifamily and industrial, lenders are searching for higher yields.

Buyers of top-tier multifamily properties this year will rely more on private debt funds to finance acquisitions.

Ares is buying Capital Automotive LLC, which provides financing options to car dealerships in need of facility renovations and expansions.