Shihao Feng
The Los Angeles-based manger is watching opportunities in office-to-residential conversions and investing across the capital stack.
Analysts said the asset class is facing expected pressure and risks within control.
The Norfolk, Virginia-based manager believes lenders and borrowers will need to more actively manage assets in order to meet business plans.
The transaction could lead to an office-to-residential conversion for the Midtown office tower.
A growing number of commercial real estate managers have launched or expanded their lending platforms over the past three to six months.
The nonprofit finance company aims to fund affordable housing by providing financing and training to help minority-owned real estate developers expand.
Monday Properties and Pacific Elm Properties this week also lined up financing for high-quality office assets.
Though industry adoption is in its early stages, more managers are moving to embed AI into their business strategies.
Toronto-based Brookfield acquired the San Francisco properties via a foreclosure.
The multifamily sector took 42 percent of the total loan volume, according to deals tracked by Real Estate Capital USA’s Lending Barometer.