CREDIT SUISSE AND TRINITY INVESTMENTS ACQUIRE THE DIPLOMAT

A joint venture between non-U.S. offered real estate funds managed by Credit Suisse Asset Management and real estate funds managed by Trinity Fund Advisors LLC, an affiliate of full-service private real estate investment firm Trinity Real Estate Investments LLC, has acquired The Diplomat Beach Resort in Hol- lywood, Florida from a Brookfield private real estate fund. The deal is one of the largest hotel acquisitions in the United States since August 2021. The new owners also announced the signing of a management agreement with Hilton to oversee the resort’s operations under the Curio Collection, part of the Hilton flag.

COMMUNITY PRESERVATION CORP. INVESTS $5M INTO SHIFT CATALYST FUND

The Community Preservation Corporation (CPC), a nonprofit and mission-driven multifamily finance company, and Shift Capital, an impact real estate investor based in Philadelphia, announced that CPC has made a $5 million equity investment in Shift’s Catalyst Fund, which supports underrepresented impact real estate developers. The companies are investing in economic development and affordable housing in underserved neighborhoods across the country.

The Catalyst Fund invests in developers planning neighborhood revitalization projects.