Anna-Marie Beal

The Toronto-based manager has formed a partnership with Declaration Partners to fund preferred equity investments. 

The Houston-based REIT believes secular shifts are driving momentum around smaller retail assets.  

The New York-based multifamily-focused manager will expand its lending via partnerships with other lenders and government-sponsored entities.

The Miami investment manager has a $1.2bn pipeline of lending deals on which it will execute over the next two years.

Real estate debt specialists say the partnering of lender types is a means of necessity rather than innovation.   

An oversupply of industrial space built during the covid-19 pandemic is presenting opportunities for redeveloping larger spaces into smaller suites. 

Commercial real estate valuations are under pressure and delinquencies are rising, but most bank management teams have maintained conservative underwriting metrics.

The funding will be used to recapitalize luxury 3ELEVEN tower south of Manhattan’s Hudson Yards.

The market is inherently cyclical. But secular trends are increasingly affecting workout strategies.

Good candidates are those who can think past the end of the term of a loan.