Top 10 investor commitments to North America-focused real estate debt funds in Q1 2024
North America-focused commercial real estate debt funds raised roughly $20.06bn for new vehicles in the fourth quarter of 2023.
The multifamily sector took 42 percent of the total loan volume, according to deals tracked by Real Estate Capital USA’s Lending Barometer.
The index was at 21.18% in January compared with 21.07% in both December and November 2023.
Atlanta loan servicer and advisory dials up data efforts as market remains hindered by wide bid-ask spreads.
The New York-based agency saw a loss severity of 48.4% in 2022, versus a loss severity of 56% in 2021.
The pension fund was the largest investor in commercial real estate debt from Q1-Q3 in 2022
A significant uptick in the commercial real estate debt markets has increased demand for underwriting and analysis services.
The report from analytics firm MSCI and its Real Capital Analytics group also zeroes in on a shift toward niche sectors.
The firm’s quarterly momentum index also shows CLO issuance was up $6.3bn in Q1 2022 compared with the same period last year.