Elliott-Backed Tyko Lends $565 Million to New Miami Office Tower

Tyko Capital, a real estate firm backed by Elliott Investment Management, is lending $565 million to 830 Brickell in Miami, a new 55-story skyscraper that has already lured Citadel, Microsoft Corp. and private equity firm Thoma Bravo as tenants.

The proceeds will repay an existing construction loan, developers OKO Group and Cain International, said in a statement. Tyko focuses on commercial real estate and was founded last year as a joint venture between Elliott and former investment banker Adi Chugh.

“This is a top asset in one of the most attractive real estate markets in the country,” ...