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allocation strategy
National and regional banks are expected to reduce commercial real estate lending, which opens the door for the private markets.
The opportunity is driven in part by what is going on in the debt markets, with financing more difficult to line up for sponsors than in years past.
However, some institutions believe equity deals still are more attractive than debt investments in multiple respects.
New York Life Insurance Company and MetLife Investment Management funded the loan.
The Los Angeles-based manager sees a window to buy non-performing loans as higher interest rates persist.
Lenders are diving deeper into an emerging niche in the industrial sector and aiming for additional diversification by chasing more industrial outdoor storage opportunities.
Atop its standard strategy, the firm is looking to potentially invest in the rescue capital space later this year.
SVP and head of RE strategy Richard Hillsays CMBS market could play a role in ameliorating potential problems.
Debt is expected to grow as a strategy for institutional investors, a February report showed.
The liquidity is important at a time when firms are seeing substantial demand drivers, including a paucity of affordable units in target markets and beyond.