REIT

The manager expects high interest rates and lower deal volumes to restrict broader CLO market comeback.

A key theme the REIT is following is a migration of people leaving cities for the suburbs.

REIT chief executive predicts more distress, refinancing creativity and preferred equity use.

CIO Tom Buttacavoli believes today’s over-stimulated economy could result in a mild recession in mid-to-late 2023. 

The mortgage REIT in May upsized its revolving credit facility from $45m to $65m.

Despite widespread confusion and concern over the situation in Ukraine, most investment-grade REIT bond yields have remained attractive.