Oaktree’s substantial deployment of its latest property fund is not indicative of dealflow in the market overall, but rather that it is ahead of the pack.
Rising foreclosure rates show relief has not prevented some borrowers from losing their properties – and they give a glimpse of what is to come next year.
Vacancy and rental levels could be on a longer-than-anticipated road to recovery, especially in western markets.
The wall of capital will likely mean lower returns for property credit strategies. But that has not deterred institutional capital from piling in, as this record-breaking close will attest.
Securitised real estate debt has been battered by the covid-19 pandemic. Now institutional managers must decide what to do about it.
Securitized real estate debt has been battered by the covid-19 pandemic. Now institutional managers must decide what to do about it.
Coronavirus shutdowns have pushed nearly $25bn of US CMBS loans to the brink of delinquency, and the worst is yet to come.
Coronavirus shutdowns have pushed nearly $25bn of US CMBS loans to the brink of delinquency, and the worst is yet to come.
With tenants now defaulting on rent payments, new regulations will play a critical role in lowering the number of casualties in the industry.
Otherwise, US private real estate mogul Tom Barrack says, widespread margin calls could trigger the next financial crisis – and it’s hard to disagree.