Samantha Rowan
Nominations close at midnight on Friday November 17 2023 for Real Estate Capital USA’s third annual awards and a shortlist will be announced on Monday, December 4.
Proposed changes to existing regulations are expected to make it easier for sponsors to obtain this emerging form of financing.
The concern is that when rate cuts finally happen, the magnitude of these cuts could be lower than expected.
The acquisitions are part of the firm’s focus on workforce housing.
Specialist lenders are gearing up for distress in various ways, such as creating short-term structured credit platforms to originate mezzanine debt or preferred equity.
The largest fund closed in 2023 to date is Marathon Secured Private Strategies Fund III, which had $1.7bn raised.
Cyclical and secular changes will lead to new uses for old strategies, innovation and adaptation.
Over the long-term, the firm hopes to have half of its portfolio in the US and other developed markets.
Pennyslyvania Public School Employee's Retirement System have made the second largest investor commitment so far this year, with $200bn committed to the PIMCO Commercial Real Estate Debt Fund II as of September 5.
The Real Estate Capital USA Lending Barometer tracks non-securitized senior mortgage and mezzanine and preferred equity financings across markets and sectors.