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The move comes as commercial real estate debt investments are moving toward the mainstream.
The venture will initially be focused on Tier I and Tier II submarkets, predominantly in the western United States.
Attendees at last week’s RECON conference were optimistic about the prospects for the retail sector and beyond.
The short-term yield curve inversion has led to a more cautious outlook for lenders and borrowers alike.
Jack Gay, senior managing director and global head of debt at Nuveen, discusses how the New York-based investment management company blends its global and local expertise to strengthen borrower relationships and offerings.
Jon Pfeil, managing director, senior portfolio manager and head of debt investments at Berkshire Residential Investments, discusses how the firm has strengthened its borrower relationship and expanded its lending platform.
As of March, MetLife Investment Management had $70.8bn in commercial mortgage loans AUM as part of its $99.5bn commercial real estate portfolio.
The manager just completed the sale of a fully leased, 1.1 million square foot warehouse portfolio in North Las Vegas.
The report from analytics firm MSCI and its Real Capital Analytics group also zeroes in on a shift toward niche sectors.
The firm sees a gap in financing for diverse, mid-market managers.