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capital formation
New vehicle is the firm's first commingled fund for its global commercial real estate credit business.
The yield on the 10-year Treasury topped out at 5 percent in October before falling to less than 3.8 percent at the end of 2023.
Florida-based manager looks to elevate $750 million fund to capitalize on private lending opportunities.
Most assets need an additional 15-20% in reserves to address refinancing issues, according to the advisory firm’s co-founder.
The meeting comes as transaction activity has started to tick up after a slow 2023.
Reven Office REIT will originate first mortgages, mezzanine debt and preferred equity investments.
The Vancouver-based real estate investment management company this month named John Creswell to head capital raising as it seeks to expand its lending and investment base.
Dallas manager and New Jersey industrial specialist look to scale investment products, institutional investor base and technology through transaction.
An increase in parties overseeing the workout of CMBS loans is expected as the right to appoint new servicers shifts across the capital structure, Academy Securities' Stav Gaon notes.
The firm last month hired Kukulka, who spent more than a decade as the global head of capital markets and deputy chief operating office of the real estate and infrastructure division of the Abu Dhabi Investment Authority, to spearhead this growth.