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The firm is responding to a pullback from bank lenders, chairman and chief executive Barry Sternlicht said on Starwood Property Trust’s Q4 earnings call.
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.
Florida-based manager looks to elevate $750 million fund to capitalize on private lending opportunities.
C-PACE has become an attractive tool for sponsors and developers looking for capital, argues Petros co-founder and CEO Mansoor Ghori.
Sustainable office properties are gaining favor with tenants, but financing the conversions remains difficult for small- and mid-market owners.
Demand for C-PACE financing is set to increase as US cities introduce stricter environmental rules for real estate.
Commercial real estate owners are making increasing use of the public-private sustainable financing mechanism in a liquidity-constrained market, says Nuveen president and CEO Jessica Bailey.
The index was at 21.07% in November, up from 20.9% in October.
Industry participants say the market is still feeling the impact of the past two years’ volatility
The banking giant's CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.