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The company expects to see strong rent growth over the next two years.
The workhorse of the commercial property finance market is down but might not be out.
Borrowers are tapping into ample liquidity for acquisitions and developments while lenders are being adequately compensated for risk.
The firm’s multifamily debt funds topped $3bn this year.
Institutional allocations are also favoring this segment of the credit markets.
The debt fund manager has originated about $2.5bn of new loans so far this year.
The firm is considering select deals in the office and hospitality sectors.
The firm is buying excess condo inventory in New York and Silicon Valley.
The evolution of ground leases could be the biggest innovation for commercial real estate finance since commercial mortgage-backed securities.
The firm recently formed a programmatic joint venture with Ivanhoé Cambridge for middle market preferred equity deals.