lenders

Good candidates are those who can think past the end of the term of a loan.

PGIM Real Estate wants to further scale its lending platform. But the firm does not want to be all things to all borrowers.

The New York-based alternative investment manager picks up more real estate debt and equity capabilities as part of $450m deal. 

When there is a dearth of capital for a sector, that could signal a time to look at the asset class more closely, said Peter Gordon, head of US commercial real estate debt.

Five executives at the California-based investment manager have assumed new roles as two other professionals have left the firm.

The sponsors passed another milestone after acquiring the landmark hotel in a record transaction. 

The firm’s credit platform manages whole loans, Freddie Mac products, preferred equity investments and mezzanine loans.

The co-architect of the Toronto-based manager’s real estate credit platform, Andrea Balkan, is departing after 22 years with the firm.

Barings is taking a measured approach as the commercial real estate market takes the first steps toward a recovery.