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The economic fallout from covid-19 has stoked fears of a liquidity crisis in US commercial property lending.
The duo will target both the acquisition and origination of loans secured by real estate in the western US, Ireland and the UK.
Capital providers and their managers are seeking fresh pockets of value as fundraising in the sector dips.
Last month’s real estate debt fire sales at the outset of the covid-19 outbreak in the US were just the tip of the iceberg for private real estate.
A measure to allow some borrowers to request forbearance from special servicers could hinder new loan originations, said a Real Capital Analytics executive.
With tenants now defaulting on rent payments, new regulations will play a critical role in lowering the number of casualties in the industry.
Real estate debt looks well positioned compared with corporate debt, maintains Justin Guichard of Oaktree Capital in this interview shot at sister publication PDI's New York Forum.
The real estate lender is charging a 1.5% management fee, according to Arkansas pension fund documents.
Sebastian Vetter has taken the helm at DekaBank’s property lending business. Real Estate Capital talks to him about his plans.
The pension fund, among others, is concerned about the additional risks managers in the strategy are taking in order to meet higher return targets.