AB CarVal Funds Acquire $340 Million Multifamily Construction Loan Portfolio

PR Newswire··US·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Funds managed by AB CarVal, part of AllianceBernstein's Private Alternatives business, together with North River Partners have acquired a $340 million portfolio of 10 performing multifamily and single-family build-to-rent construction loans across seven U.S. metros. North River Partners, an existing partner of AB CarVal, will manage the portfolio, which consists of properties in various stages of construction. The deal extends a relationship that began when AB CarVal funded $98 million worth of construction loans with North River Partners in 2025, moving it into portfolio-level investing. Scott Greenfield, a principal with AB CarVal, said the transaction expands the firm's footprint in multifamily construction credit and demonstrates its ability to uncover attractive relative value opportunities across commercial real estate credit. AB CarVal, which has invested $162 billion in 5,905 transactions across 82 countries since 1987, now has approximately $26 billion in assets under management.

Impact on assets 2

Financials▲ · 1 stocks
AllianceBernstein Holding L.P.
AB
▲ PositiveCapitalrelevance

AB CarVal, part of AllianceBernstein's Private Alternatives business, acquired a $340M multifamily construction loan portfolio, expanding its credit footprint and AUM.

Others▲ · 1 stocks

Off-coverage companies 1

North River PartnersPrivate▲ Positive
Capitalrelevance

North River Partners co-acquired the $340M loan portfolio and will manage it, extending its partnership with AB CarVal.

© 2026 MarketIVNews