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The New York-based multifamily-focused manager will expand its lending via partnerships with other lenders and government-sponsored entities.
Institutional investors are at or near their allocations to commercial real estate, which is also having an impact on capital raising.
The firm incorporates the potential for natural disasters, like flooding or hailstorms, into its investment calculus as it seeks to invest.
Honolulu-based manager makes key hires to deepen the firm’s focus on destination hotels and resorts in the US.
An oversupply of industrial space built during the covid-19 pandemic is presenting opportunities for redeveloping larger spaces into smaller suites.
Real estate equity in the US and Asia helped to drive the firm’s Q2 deployment in real assets to the highest level in over two years.
The funding will be used to recapitalize luxury 3ELEVEN tower south of Manhattan’s Hudson Yards.
Sponsors Lloyd Goldman and David Werner see the potential to convert the building at 100 Wall Street into a residential property.
With manager BGO exceeding its self-imposed, company-wide recruitment quota of two-thirds women and underrepresented minorities for three years running, president Amy Price tells PERE how the next target is senior management.
The report, penned by senior executives Ralph Rosenberg, Billy Butcher and Racim Allouini, underscores how low interest rates are no longer the anchor for valuating commercial real estate assets.