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More liquidity is entering markets while office and retail lose luster.
It is part of a $138.7m financing package for Grand Heritage Hotel Group.
Real time analysis coming into its own, rising liquidity premiums for niche sectors and Fed rate hikes are expected to drive US commercial real estate debt markets this year.
The covid-19 pandemic has accelerated the decline of the suburban office market. Here’s how lenders and investors are working to repurpose these white elephants.
The managers are partnering to upgrade Eastchester Heights, a rent-stabilized property that is one of the largest residential communities in the Bronx.
Despite near-term concerns over rising property taxes and high crime rates, lenders see the Windy City as the Midwest’s once and future cultural, population and economic hub.
Jay Sugarman, chairman and chief executive of ground lease specialist Safehold, believes a new take on an old structure could lead to a $500bn industry.
The $103 million financing will spur about $40 million of cashflow savings over the next 10 years.
The firm deployed more than $1.45 billion in 2021 and aims to continue this momentum.
The multifamily specialist sees more differentiation from lenders.