PHILADELPHIA, September 22, 2026 – Corten Real Estate provided a $45.5 million senior loan for the refinancing and stabilization of The Rigsbee Collection, a recently delivered boutique multifamily portfolio located in Durham, NC.

Situated in the high-growth Central Park District, The Rigsbee Collection is a three-building, 178-unit, Class A multifamily community. The portfolio is strategically positioned within immediate proximity to major regional employment anchors, including Duke University, Duke Health System, and the expanding life sciences and biotech clusters thriving across the Research Triangle Park (RTP) corridor.

This investment was funded through Corten’s senior credit platform, established in partnership with a leading U.S.-based life insurance company. The credit vehicle focuses on originating first-lien mortgages and senior secured mezzanine loans for multifamily, hospitality, office, and office-to-residential conversions across the United States.

With this transaction, Corten continues to actively scale its senior credit platform, targeting over $1 billion of committed capital deployment into top-tier real estate assets across the United States.

About Corten Real Estate

Corten Real Estate is a dynamic real estate investor/operator that targets middle-market assets across the United States impacted by varying financial, operational, or strategic pressures. The Firm specializes in creating unique capital solutions – utilizing both debt and equity instruments – to address situations faced by a variety of stakeholders.

For more information, please contact: Stefanie Langer, Principal and COO, slanger@cortenrealestate.com.