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The fund from the Irvine, California-based manager comes at a time when lenders are rolling out more focused strategies.
Dallas-based Invesco’s North America head of real estate cited near-term maturities, expiring rate caps and rising insurance costs as critical issues for the sector.
Miami manager will allocate $175m toward providing debt financing for value-add and distressed opportunities.
Chief executive says institutional interest is picking up further as high-quality hotel assets hold up.
The firm sees value in serving the core demands of communities.
The firm’s first investment vehicle following its acquisition by Morgan Stanley IM targets transitional amid market dislocation.
New York manager targeting more multifamily, select office opportunities in South Florida.
The Los Angeles-based duo originate fixed- and floating-rate loans of up to $100m on value-added properties.
Torose Capital targets value-added office, retail and mixed-use following firm launch.
The alternative credit manager's head of real estate says the current market is ‘almost uninvestable’ amid rate hikes, debt cost increases.