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The US commercial real estate debt markets continued to grapple with high interest rates, falling valuations and macroeconomic and geopolitical forces in a year when transaction activity dropped steeply. Find out which organizations and deals were voted the best in 2023.
Opportunities in dislocation and capital being deployed into structured investments were among key themes for this year's award winners.
Having successfully weathered a turbulent 12 months, Taurus Investment Holdings is looking to build on recent successes, says Peter Merrigan, chief executive officer and co-founder.
As the US commercial real estate market adjusts to a higher-rate environment, Trimont is seeing the impact of extensions in 2023 that have trickled into the current year, says Bill Sexton, chief executive officer
Higher interest rates continued to stall the US commercial real estate market in 2023, but alternative lenders and their investors are hopeful that opportunity will knock in 2024.
The wave of maturities and refinancings looming over commercial real estate in 2024 poses critical challenges for a market still reeling from last year’s rates and valuations shocks, says Teresa Zien, managing director, capital markets at Invesco Real Estate.
While other firms sought to weather 2023’s turmoil by shoring up their businesses and concentrating on asset management, Bravo Capital is expanding its lending activity, say Aaron Krawitz and Gabi Moshayev.
The commercial real estate market, which has been in a value correction cycle for the past two years due to higher interest rates and cap rates, will see this correction continue until interest rates settle.
Yarbrough said he believes the market is coming closer to bottoming out and this creates strong investment opportunities
The financing is notable given the paucity of capital allocated to the office sector as well as a decline in construction lending over the past year to 18 months.