Samantha Rowan
The exercise allowed Waypoint to get a better understanding of the impact of higher interest rates on its ability to arrange financing and make sure the cost of land dovetailed with the returns it is trying to achieve.
The question of where values sit is hanging over the market, made harder to answer by a lack of trades.
CIM Group will follow a strategy similar to what it does it the US in which it works as a partner for banks.
The deal makes the New York company the fourth-largest US mortgage REIT.
The liquidity is important at a time when firms are seeing substantial demand drivers, including a paucity of affordable units in target markets and beyond.
Despite commercial real estate’s slow start to the year, Monday Properties anticipates the potential for more acquisitions and developments.
Long-term, fixed-rate deals gain new ground back toward normality with shift.
While the tone of the market feels anecdotally better, transaction activity has still not yet picked up.
The Los Angeles-based multifamily specialist believes there are not enough buyers, sellers or lenders to make a functional market.
As this shift occurs, the firm is seeing more interest from investors who like the way debt looks when stacked up against an uncertain equity market.