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The pair of long-serving real estate pros arrive at a time where Criterion is ‘positioned for prolific growth,’ per founder Chuck Rosenzweig.
The New York-based manager has tapped veteran lender Steven Schwartz to head up its real estate credit platform.
Collaboration between the US alternative lender and the Munich-area-headquartered bank signals innovation in European commercial real estate lending.
The Charlotte-based manager has expanded his focus from US to global client portfolio management.
Alternative lenders are backing the city's luxury condo boom.
The index was at 23.71% in July, compared with 23.25% in June and 22.91 percent in May.
The bulk of capital allocated to real estate private credit strategies over the past five years has ended up in the multifamily sector, according to data from PERE Credit.
Timothy Sloan, head of commercial real estate debt at Fortress Investment Group, says the firm sees the strongest long-term outlook for senior loans. But in today’s market, its history as a distressed investor will still be critical.
Lenders are willing to originate office loans, but only for the buyers of a specific profile of workplace.
Five-property portfolio in Arizona comprises independent living, assisted living and memory care units for seniors.