Samantha Rowan

The specter of rising inflation and higher interest rates, the knock-on effect on transaction volume and the impact on rising material costs were major topics of concern.

The 10-year US Treasury yield fell to 1.7% by the end of the day on Tuesday as investors fled to risk-off trades.

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The Fed hopes to combat inflation this year with three substantial rate increases, but the hikes were expected and lenders will be more impacted by spread movement, market participants said.

While lenders had never abandoned the office sector, capital is more widely available than in the recent past, CIO John Rivard says.

Debt strategies made up about 17% of all capital raised for commercial real estate last year, down from the 19% seen during the same period in 2020.

The company deployed $60m of debt capital in 2021 and is hoping to allocate at least another $150m to this segment of the market in 2022.

Varde Partners and Hawkins Way Capital are set to deploy more than $1bn into value-added and distressed hospitality and residential assets.  

It is part of a $138.7m financing package for Grand Heritage Hotel Group.

Last year’s strong performance stemmed from a faster than expected recovery from the covid-19 pandemic, according to the firm's head of US real estate investment trust and commercial real estate debt research.