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Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.
The firm has consistently been seeing $1bn-$2bn of new loans coming through every month.
The hire is part of a global push to expand its commercial real estate credit platform.
The Miami investment manager has a $1.2bn pipeline of lending deals on which it will execute over the next two years.
Institutional investors are at or near their allocations to commercial real estate, which is also having an impact on capital raising.
The firm incorporates the potential for natural disasters, like flooding or hailstorms, into its investment calculus as it seeks to invest.
Real estate debt specialists say the partnering of lender types is a means of necessity rather than innovation.
Honolulu-based manager makes key hires to deepen the firm’s focus on destination hotels and resorts in the US.
An oversupply of industrial space built during the covid-19 pandemic is presenting opportunities for redeveloping larger spaces into smaller suites.
Real estate equity in the US and Asia helped to drive the firm’s Q2 deployment in real assets to the highest level in over two years.