Lending to a singular alternative real estate sector means a firm must be ready to underwrite a property type’s unique risk and demonstrate specialist expertise.
The pension system is investing with a startup, but it has a long history with one of the firm’s founders.
Investment opportunities for real estate debt in the US appear to remain strong.
The fund’s commercial focus differs from its predecessors, which targeted an array of assets.
The German bank recorded €4.2bn of new real estate lending in the first half of 2018.
The firm has received a commitment from the Texas Municipal Retirement System.
The Dallas-based firm is raising its latest fund in a series that focuses on private equity control investments, corporate and consumer debt, real estate and real estate debt.
Lending in the US is an attractive proposition for European organisations, but fierce competition is already hitting loan margins.
Colony NorthStar has collected a total of $1.3 billion for its fourth real estate debt fund, Colony Distressed Credit & Special Situations Fund IV, Real Estate Capital's sister title PERE has learned.