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Alternative Assets  + Real Estate  |  October 6, 2025
RD Management Forms RD Property LLC in Strategic Rollup, Secures $350M Credit Facility 
Joe Palmisano
By: Joe Palmisano

RD Management Forms RD Property LLC in Strategic Rollup, Secures $350M Credit Facility 

RD Management LLC announced the consolidation of several affiliated partnerships into RD Property LLC, a newly formed entity designed to unify its diverse real estate portfolio under a single platform. The strategic rollup aims to enhance operational efficiency, strengthen capital resources, and accelerate growth prospects. 

Concurrently with its formation, RD Property LLC closed on a $350 million term loan and revolving credit facility to support refinancing initiatives, reinvestment across its existing portfolio, and pursuit of new acquisitions. “The consolidation of these partnerships establishes a stronger and more efficient ownership structure, while the closing of this $350 million credit facility reflects the confidence of our lending partners in the quality of our assets, and management’s long-term strategy,” said Michael Carroll, co-CEO of RD Management LLC. 

The newly consolidated platform includes 50 properties nationwide totaling four million square feet, spanning retail shopping centers, self-storage, hotel, and net lease assets located across major U.S. markets. 

The financing was led by KeyBank, N.A. as Joint Lead Arranger and Administrative Agent, alongside a syndicate including The Bank of New York Mellon, The Huntington National Bank, and PNC Bank as Joint Lead Arrangers and Co-Syndication Agents. RD Property LLC was represented by Bass, Berry & Sims and Roberts & Holland, while the lending group was represented by Riemer & Braunstein. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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