Anna-Marie Beal
The firm is seeing distress creep in as the covid-19 pandemic continues to tamp down recovery.
Institutional allocations are also favoring this segment of the credit markets.
The firm is considering select deals in the office and hospitality sectors.
The firm also recently launched a commercial loan product targeting stable situations.
The firm is buying excess condo inventory in New York and Silicon Valley.
As real estate debt strategies become more important to institutional investors, US managers are beefing up their offerings.