allocation strategy

The developer is seeing the impact of the expiration of the 421a tax abatement program.

Rising interest rates across global markets are having a cooling effect on the volume of assets changing hands and causing a lack of clarity over valuations.

Pricing is expected to reset as interest rates rise over the next 12-24 months.  

The problem around securing interest rate caps at manageable prices is one factor affecting transaction volume in the US commercial real estate property markets.

The program was rebooted earlier this year to raise the minimum threshold for investment. 

The firm is looking at opportunities in out-of-favor asset classes, with plans to deploy as much as $400m. 

Over the past 12 months, the firm has transacted on about $500m of acquisitions, evenly split between office and multifamily.

While the long-predicted Great Return has not yet transpired, the office specialist is seeing an uptick in people returning to the office. 

This emerging niche presents unique risks and opportunities for intrepid lenders.

The investment management company's founder and chief executive Tammy Jones tells Real Estate Capital USA how she is scaling the firm and preparing for the future.