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Alternative Assets  + Real Estate  |  October 6, 2025
RD Management Forms RD Property LLC in Strategic Rollup, Secures $350M Credit Facility 
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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.