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Increased lending caps from GSEs will boost affordable housing sustainability, PGIM's director says.
The investment will help to drive product development.
Institutional allocations are also favoring this segment of the credit markets.
The Chicago multifamily office believes that its low leverage and high-quality locations allow conservative lenders to get comfortable with the risks.
Market participants foresee some potential integrational and operational issues when lenders step away from LIBOR on December 31.
The firm is considering select deals in the office and hospitality sectors.
The firm has ambitious plans for its multifamily portfolio.
The bank is allocating the bulk of its capital to opportunities in the sector.
The city's rapidly expanding suburbs merit new development after a banner year of activity, the company believes.
The firm also recently launched a commercial loan product targeting stable situations.