Latest news with #DMT
Business Wire
2 days ago
- Business
- Business Wire
Dwight Capital and Dwight Mortgage Trust Finance $650.7MM in Seniors Housing During Q2 2025
MIAMI--(BUSINESS WIRE)-- Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), closed $650.7 million in seniors housing financings during Q2 2025. The transactions featured a mix of bridge and HUD loans for assisted living facilities (ALFs) and skilled nursing facilities (SNFs) across several states, highlighting Dwight's continued nationwide leadership in the seniors housing sector. The transactions featured a mix of bridge and HUD loans for assisted living facilities (ALFs) and skilled nursing facilities (SNFs) across several states, highlighting Dwight's continued nationwide leadership in the seniors housing sector. Share DMT financed a $230 million bridge loan to facilitate the acquisition of a 19-property skilled nursing/assisted living portfolio located throughout Ohio. These facilities comprise a total of 1,896 beds. To support the portfolio's ongoing operational needs, Dwight Healthcare Funding provided a $12 million working capital line of credit in conjunction with the bridge loan. The loan was originated by Adam Offman, Managing Director of Healthcare Finance, and Yossi Benish, Vice President. Additionally, DMT provided an $80 million bridge acquisition loan for a five-property skilled nursing portfolio located throughout central Florida. These facilities comprise a total of 518 beds. Dwight Healthcare Funding also provided a $12 million working capital line of credit to help fund the portfolio's operations. This transaction was originated by Josh Sturm, Managing Director of Senior Housing and Healthcare. Other notable Q2 2025 seniors housing closings included: HUD Financings $68.0MM HUD 232/223(f) Loan: 480-bed portfolio of four SNFs in Florida. $20.8MM HUD 232/223(f) Loan: Southview Acres Healthcare Center, a 220-bed SNF in West Saint Paul, MN. $15.2MM HUD 232/223(f) Loan: St. Sophia Health and Rehabilitation, a 240-bed SNF in Florissant, MO. $13.1MM HUD 232/223(f) Loan: 117-bed non-profit ALF in the Southeast. The loan also benefited from a Green Mortgage Insurance Premium (MIP) reduction. $10.6MM HUD 232/223(f) Loan: Edenbrook of Edina, an 85-bed SNF in Edina, MN. Bridge Financings $31.5MM Bridge Acquisition: 306-bed portfolio of two SNFs in Norwalk and Stamford, CT, including a $9.0MM revolving line of credit. $26.9MM Bridge Acquisition: 318-bed portfolio of two SNFs in Smithfield and Woonsocket, RI, including a $7.0MM revolving line of credit. $21.0MM Bridge Refinance: 217-bed portfolio of two SNFs in East Bridgewater and Milford, MA, including a $8.0MM revolving line of credit. $20.0MM Bridge Refinance: Bria of Palos Hills, a 207-bed SNF in Palos Hills, IL. $11.0MM Bridge Acquisition: Northridge Health Center, a 96-bed SNF in North Ridgeville, OH, including a $5.5MM revolving line of credit. About Dwight Capital Dwight Capital LLC is a leading commercial real estate finance company in the United States, with a loan servicing portfolio exceeding $13 billion. Our services encompass a wide range of commercial lending options, including Balance-Sheet Bridge & New Construction Loans, FHA/HUD Insured Loans, C-PACE Financing, Mezzanine Financing, and Preferred Equity. For more information about Dwight Capital, please visit: Dwight Mortgage Trust LLC ('DMT' or the 'Fund') is an actively managed real estate investment trust specializing in the origination and financing of commercial mortgages across a range of real estate asset classes. DMT works in conjunction with affiliate firm Dwight Capital to source and evaluate lending opportunities nationwide. The Fund partners with experienced sponsors on projects in major markets, focusing on investments with a clearly defined exit strategy.
Al Etihad
24-07-2025
- Business
- Al Etihad
Abu Dhabi Pension Fund to relocate Bani Yas customer service centre to Mohamed bin Zayed City
25 July 2025 00:37 ABU DHABI (ALETIHAD)The Abu Dhabi Pension Fund is relocating its Customer Happiness Centre at the Municipal Community Centre in Bani Yas area to the Municipal Community Centre in Mohamed bin Zayed City. The move will take effect on Monday, July 28, the Fund has announced. This relocation — carried out in cooperation with the Department of Municipalities and Transport (DMT), represented by Abu Dhabi City Municipality — aligns with the Fund's commitment to enhancing customer experience. It is also part of a broader strategy to develop service delivery channels, ensuring easier access and reflecting the Fund's dedication to continuously improving its new office will operate from 7:30am to 3:00p.m., Monday to Thursday, and from 7:30am to 12:00pm on can continue to access the Fund's services digitally through the unified government platform TAMM. The public is encouraged to use these digital services, which offer a quick, flexible, and user-friendly experience that supports the Fund's goal of delivering efficient and innovative service. The Fund expressed its sincere thanks and appreciation to DMT, represented by Abu Dhabi City Municipality, as well as the Municipal Community Centres in Bani Yas and Mohamed bin Zayed City, for their cooperation in facilitating the transition. Source: Aletihad - Abu Dhabi
UAE Moments
23-07-2025
- Business
- UAE Moments
More Affordable Homes as Abu Dhabi Targets Illegal Partitions
Authorities in Abu Dhabi are ramping up efforts to tackle the issue of illegally partitioned villas — and no, it's not just about evictions. They're actually looking at long-term, realistic housing fixes too. Here's what's happening: Why All Eyes Are on Villa Partitions Following Dubai's recent crackdown, Abu Dhabi has started inspecting older villas and flats where tenants are splitting rooms and sharing space without proper contracts. Think: multiple families in one villa, with makeshift walls and hush-hush rent deals. That's not gonna fly anymore. The Department of Municipalities and Transport (DMT) is stepping in, calling for official tenancy contracts and cracking down on shady sublets. But It's Not Just About Kicking People Out Instead of going full hardline, Abu Dhabi's taking a more balanced approach. The city is working with developers to boost real affordable housing options, including worker accommodations and budget-friendly units under the Value Housing Programme. They're even considering turning older buildings into shared units — legally — as long as they meet safety and regulation standards. What's the End Goal? With Abu Dhabi's population expected to boom by 2040, the city's planning ahead. The goal: safe, formal housing that fits different income levels, not just new shiny apartments for the wealthy. Landlords and tenants are being reminded: register those leases. Campaigns like 'Your home, your responsibility' are making the rounds, and skipping formalities could cost you — with fines and suspended tenancy services. Bottom Line Abu Dhabi's not just cracking down — it's building up. With inspections, awareness drives, and a push for legal shared housing, the city's trying to phase out illegal villa partitions without leaving low-income residents stranded.
Khaleej Times
22-07-2025
- Business
- Khaleej Times
Abu Dhabi inspects illegal partitions, explores affordable housing for residents
Abu Dhabi authorities have stepped up efforts to prevent overcrowded and illegally divided villas, echoing concerns that came to the fore in Dubai last month following a city-wide clampdown on unauthorised accommodations. While routine inspections and stricter enforcement are already in place, the Department of Municipalities and Transport (DMT) says it is also exploring long-term solutions that would make affordable housing more accessible to lower-income residents — including the potential refurbishment of older buildings and the reclassification of existing units for regulated shared use. 'As Abu Dhabi's population continues to grow, ensuring access to affordable, quality housing remains a key priority,' said Mohamed Almaazmi, Advisor at DMT. 'Efforts have been made to introduce a broader mix of housing options that cater to different income segments, including low- and middle-income residents.' Among the government's key initiatives is the Value Housing Programme, which encourages the development of reasonably priced units — from studios to larger apartments, within well-connected communities. The programme is part of the capital's preparation for an expected population increase of more than two million residents by 2040. In recent weeks, increased attention has been paid to unregulated subletting practices that have surfaced in older villas and apartments, particularly in densely populated neighbourhoods. 'Common issues include unauthorised subletting and rental arrangements conducted outside official channels,' Almaazmi said. 'In particular, some accommodations are found to be leased through informal agreements that are not registered within the approved tenancy contract system, Tawtheeq.' The municipality is carrying out regular inspections and has rolled out public awareness campaigns such as 'your home, your responsibility ', urging landlords and tenants alike to formalise all rental agreements. Penalties for non-compliance can include fines and the suspension of access to tenancy registration services. However, Almaazmi noted that the department is 'open to a range of solutions that support varying housing needs beyond new construction alone". This includes the possible reclassification of older properties for legal shared use, provided safety and regulatory standards are met. 'Existing buildings may be eligible for reclassification through established channels,' he said. 'At the same time, opportunities to encourage the refurbishment of older properties are being explored as part of broader actions to expand the availability of affordable housing in a balanced and sustainable manner.' The approach suggests a more flexible stance than what has recently been observed in Dubai, where authorities have issued eviction notices to tenants occupying partitioned villas and other unauthorised conversions. In Abu Dhabi, housing violations are handled on a case-by-case basis. 'While compliance is essential, all cases are handled in a manner consistent with regulations and broader community welfare,' Almaazmi noted. Authorities are also working with private developers to boost investment in affordable housing and worker accommodations, aiming to reduce the need for informal or illegal arrangements. 'The broader objective is to support the development of well-integrated, sustainable communities and encourage more formal, accessible housing solutions over time,' he added.
Business Recorder
18-07-2025
- Automotive
- Business Recorder
Yutong launches DMT, YEA technologies: Punjab govt promoting EVs for public mobility: minister
LAHORE: Punjab Minister for Transport and Mass Transit, Minister Bilal Akbar Khan has said the provincial government is promoting adoption of electric vehicles for public mobility to align with the government larger climate change mitigation policy. The minister was addressing a modern Dual Mode Transmission (DMT) & YEA Technology Launch Conference for commercial vehicles mainly the buses here on Thursday. He further said the public transport is rapidly transitioning towards electric mobility, marking a new era of sustainable transportation. Yutong Bus Co, a global leader in commercial vehicle manufacturing, successfully hosted the DMT & Yutong Electric Architecture (YEA) Technology Launch Conference in Lahore, marking a major advancement in Pakistan's public transport sector. Cao Ke, Deputy Consul General of china and other also participated in the event. A contract signing was also held at the conference between Wah Industries Limited (WIL) and Youtong- a world's largest buses manufacturer based in China for procurement of 400 state-of-the-art Yutong Electric buses — a significant step toward modernizing Pakistan's transport infrastructure. The event gathered key stakeholders from government departments, the transport industry, and private operators to witness the launch of Dual Mode Transmission (DMT) and Yutong Electric Architecture (YEA) — two next-generation technologies aimed at enhancing consumption efficiency, reducing emissions, and enabling smarter mobility. Following the successful introduction of electric buses in the province, Minister Bilal Akbar Khan said a policy has devised a plan to launch the province's first-ever electric taxi service. He said that in the first phase, 1,100 electric vehicles will be provided on interest-free loan and easy installments for the e-taxi project. He said that to support the EV transition, charging stations are being established across the province. The minister stressed the need for a well-structured policy that prioritises public interest, encouraging people to shift from petrol and diesel vehicles to electric alternatives. The minister highlighted that the widespread adoption of EVs would not only lead to fuel savings but also play a crucial role in combating smog and reducing air pollution across Punjab. In his keynote, Robin Shen, CEO of Yutong Middle East, highlighted the company's long-standing commitment to Pakistan and its focus on delivering innovation-driven, localized solutions. Paul Zhang, Managing Director of Yutong Pakistan, presented a deep dive into the features and benefits of DMT and YEA, emphasizing their role in improving performance and supporting sustainable transportation. A unique feature of the event was the 'Green Commitment Tree' — an interactive booth where participants signed symbolic leaves pledging their support for sustainable mobility. This initiative reflected Yutong's global commitment to environmental responsibility and green innovation. The ceremony concluded with a walkaround of Yutong's latest bus models, media engagements, and a networking hi-tea. With over 70% market share in Pakistan's premium intercity bus segment and leadership in electric and hybrid solutions, Yutong continues to lead the transformation of Pakistan's transport ecosystem toward a cleaner, smarter, and more efficient future. Copyright Business Recorder, 2025
