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Evelyn Lee

Evelyn Lee is Editor for PEI Group’s real estate-focused publication, PERE, overseeing global news coverage for both its digital and print platforms. Based in London, she manages a team of journalists across PEI’s offices in New York, London and Hong Kong. She joined the company in its New York office in July 2011 as a reporter covering the industry in the Americas. She became senior reporter in January 2014 and was promoted to news editor in July 2015. Evelyn relocated to PEI's headquarters office in London in 2018 and was promoted to editor in 2019. Prior to joining PEI in 2011 she covered commercial real estate, economic development and environmental issues at NJBIZ, a New Jersey-focused business publication.
The newly created role is part of the investor's revamped leadership structure under new executive chair Daniel Fournier.
Real estate silos
The original justification for Canadian pension plans having standalone property platforms no longer holds up today.
PERE Europe 2023
However, some institutions believe equity deals still are more attractive than debt investments in multiple respects.
ARES-DIRECT-LENDING-11221
With loans maturing and banks retrenching, alternative lenders are seeing more refinancing deals. But ‘a lot of them we see just don’t work.’
Regional banks had stepped in to fill the void left by other lenders. Who will replace them if they stop lending, too?
SVB and Signature, along with troubled bank First Republic, had been major sources of financing for many real estate managers.
As managers and investors continue to struggle with liquidity issues, it is no longer business as usual for real estate recapitalizations.
CBRE's logo spans the front of an office building.
Charles Leitner has left the investment management business of CBRE after joining the New York-based manager only three years ago.
image of London skyline
The New York-based firm is targeting $1bn-$2bn in originations in the region next year amid a 'super-interesting time' for non-bank lenders.
The New York-based mega manager expects deployment activity to become muted but more creative dealmaking to emerge in the near term.
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