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Lenders and borrowers need to come to terms with more than $2trn of near-term maturities, according to attendees at this month’s CRE Finance Council conference in Miami.
The most recent real estate cycle lasted for almost 10 years but the returning president’s policies could mean the next one is a lot shorter.
Proposals to cut taxes and reduce regulations could be a near-term positive for commercial real estate, but many of the inaugurated president’s policies are expected to be inflationary.
The New York-based manager closed its first two vehicles on $550m in commitments.
The credit facility is the firm’s first and represents the next stage of growth for Alpaca.
The fund is the largest the firms have raised since kicking off the partnership.
The offering, and other debt deals completed via TASE, allowed Moinian Group to expand its debt and equity platforms.
The 16-year GIC real estate veteran will replace Gallistel, who is joining CBRE IM as the co-chief executive.
The 10-year Treasury last week hit its highest level since April, rising to 4.7 percent on January 8.
Chicago-based manager was part of the capital stack for the construction financing on The Edison, a 378-unit, mass timber luxury apartment building in Milwaukee.