alternative lenders

The bulk of capital allocated to real estate private credit strategies over the past five years has ended up in the multifamily sector, according to data from PERE Credit.

The Lending Barometer tracked 96 loans totaling $12.67bn across July and August, a level that is 15% lower than the prior two-month period.

CPP Investments was second, with $1.24bn allocated.

Andrew Smith will focus on expanding the Florida manager’s credit platform as it plans fund launch.

In this podcast, MSCI’s Jim Costello and Northwind’s Ran Eliasaf discuss softer headwinds for the office sector as well as the opportunity to lend on high-quality assets and perform office-to-residential conversion programs.  

Lenders are willing to originate office loans, but only for the buyers of a specific profile of workplace.

The firm is seeking to develop, raise and deploy credit-geared strategies.

Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.

The funding will be used as part of an $180m deal to buy a 1,326-unit portfolio in New York City.

The commitment represents a new relationship for the $11bn San Diego retirement system.