Martin McGann, finance director of the UK logistics REIT, says the company’s latest financing diversifies its funding sources and provides long-dated capital.
Consultant RCLCO told the $280bn pension it should consider increasing leverage, value-add strategies and construction in anticipation of a market reset.
The higher returning strategy raised only $35.4bn, but the average fund size hit an all-time high, according to PERE data.
The former Torchlight Investors partner has joined the real estate debt specialist as senior managing director and co-head of capital raising.
More than half of the capital for the California firm’s latest vehicle came from the region, much of it from first-time investors.
The former Torchlight Investors partner has joined the real estate debt specialist as senior managing director and co-head of capital raising.
These debt handlers are front-and-center of the real estate distress unfolding during the covid-19 crisis.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated.
Vacancy and rental levels could be on a longer-than-anticipated road to recovery, especially in western markets.
Though new relationships are still on hold throughout much of the world, many kinds of investors are still finding ways to grow their real estate exposure.