fundraising

Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.

North America-focused commercial real estate debt funds raised roughly $20.06bn for new vehicles in the fourth quarter of 2023.

Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.

Higher interest rates continued to stall the US commercial real estate market in 2023, but alternative lenders and their investors are hopeful that opportunity will knock in 2024.

The yield on the 10-year Treasury topped out at 5 percent in October before falling to less than 3.8 percent at the end of 2023.

The Los Angeles-based manager is capping off 2023 with its second fundraise for the year.

The firm has launched the strategy at a time when real estate financing ‘is a pretty broken market,' according to CEO Jon Winkelried.

Dallas-based manager is aiming for more mid-market bridge loan exposure across Southern US and flyover states.

Over 80% of institutions in the capital advisory firm’s latest Allocations Monitor are now actively considering fund investments.

Nominations close at midnight on Friday November 17 2023 for Real Estate Capital USA’s third annual awards and a shortlist will be announced on Monday, December 4.