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The launch of SCH Trading comes after the company sold its commercial real estate lending business to Regions Bank last month.
The US manager now invests more than $150bn on behalf of insurance companies.
Berkadia, which arranged the financing, wants to carve out a niche in the sector.
Underwriting loans in the sector could become more difficult if wages aren’t commensurate with rent increases.
Commercial mortgage servicers are finding it tough to attract and retain staff.
Executing an effective carbon reduction plan will be a critical component to maintaining value for institutional landlords going forward.
The BlackRock vehicle is the only passively managed dedicated CMBS ETF.
The firm’s multifamily debt funds topped $3bn this year.
The retail-focused REIT was drowning in more than $3.5bn of debt prior to its June bankruptcy filing.
The move comes as more borrowers are turning to non-bank lenders.