Anna-Marie Beal

The New York investment manager’s portfolio encompasses several niche sectors, including data centers, student housing and life science real estate.

The latest rate cute has "already increased dealflow throughout the market", says Thorofare Capital's Eddie Prosser.

Industry participants say the strategy is 'no longer a niche product' and can generate equity-like returns.

AI is becoming a must-have for real estate credit risk and pipeline management.

The $370bn system invested $250m in a Greystar fund and allocated $500m to other commercial real estate debt. 

The New York-based managers are looking at opportunities ranging from $15m-$100m.

A rise in ventures targeting programs of less than $100m a loan should be viewed as a barometer for broader commercial real estate financing markets.  

The Annapolis, Maryland-based logistics specialist raised the fund as part of an effort to expand its direct lending capabilities in the industrial and logistics sectors.  

The firm originated the loan on behalf of Hazelton Capital Group amid a rise in construction financing in the city. 

Real estate private credit executives see three possible outcomes: a 25bps cut, a 50bps cut, or the Federal Reserve holds rates in the current range.