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The $500m strategy will focus on bridge opps across most sectors and market sizes.
The firm’s quarterly momentum index also shows CLO issuance was up $6.3bn in Q1 2022 compared with the same period last year.
CEO Al Rabil says a heavier tilt toward direct origination will be a priority during its deployment.
The global law firm reckons conflict in Russia and political uncertainty in China is impacting the assets owned by large US real estate holding companies.
The Los Angeles lender also just closed an $85m Minneapolis deal.
Washington manager aims for majority mezz, preferred equity plays in SMILE markets.
Michael Cale, co-head of debt investment at Allianz Real Estate of America, said the firm is also selectively originating retail loans.
The Newark firm is on watch for signs of a momentum slowdown in burgeoning sectors.
Rising rates and risk deepen the firm's multifamily focus, and make it more cautious on the office sector.
The investor group wants to tap into what it believes to be stable yields as part of a broader asset allocation strategy.