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The US multifamily markets are largely seeing strong demand indicators, but disrupted commercial real estate capital markets are complicating the situation.
Leverage helped to fuel acquisitions, refinancings and returns over the past cycle. Now, lenders and borrowers are working to adapt to a new reality.
Risk mitigation remains top concern amid lower-leverage dealmaking environment.
Transaction volumes will stay subdued until bank lending standards begin to ease.
Blend and extend is the latest iteration of the 'extend and pretend' strategy frequently seen in the wake of the Global Financial Crisis.
Cathy Marcus and Raimondo Amabile will become co-CEOs of the New Jersey-based manager in October.
The Dallas-based manager is still struggling with pricing on the properties which come across its desk.
The manager has expanded the geographic scope and timeframe of its previous analysis in its latest estimate.
The Philadelphia-based investment management company is assembling a portfolio of class A offices.
KKR global real estate head Ralph Rosenberg expects capital constraints to also cause pain for owners outside of the office sector.