The index was at 26.2% in March, compared with 25.34% in February and 25.51% in January.

Inside: The CMBS market is showing signs of a market recovery – what will happen next?; Plus, the PERE Credit 50 – our ranking of the industry’s biggest fundraisers; And what is your favorite sector and biggest fear? PERE Credit surveys senior executives for their take on the market…

Brookfield relaunches efforts to refinance its trophy Ala Moana center with commercial mortgage-backed securities financing; Beach Point aims to make mid-market moves with its inaugural real estate credit strategy close at $545 million; Peachtree Group extends C-PACE financing streak with a suburban Portland construction completion deal; and more in today’s Term Sheet, exclusively for our valued subscribers. 

Commercial lenders have some room to let current investment theses breathe with the Federal Reserve keeping rates unchanged; The commercial mortgage-backed securities market gets another office boost with a $250 million refinancing for the Durst Organization; Hudson Bay has more than $300 million of dry powder lined up with the close of its inaugural real estate credit fund; and more in today’s Term Sheet, exclusively for our valued subscribers.

Mubadala is satisfying its private real estate credit appetite through a $1 billion partnership with Fortress Investment Management; Deloitte unpacks how the next wave of real estate firm leadership could reshape mainstream and alternative investment priorities; Ares and Monarch Alternative Capital continue Miami’s construction momentum with a $413 million financing deal, and more in today’s Term Sheet, exclusively for our valued subscribers.

Caisse de dépôt et placement du Québec’s real estate business is finding more alignment between risk and return across its C$77 billion portfolio; Hudson Pacific lines up $475 million of CMBS financing to recharge a half-dozen grouping of West Coast offices; Nuveen taps Chad Phillips to succeed Chris McGibbon to lead its global real estate platform; and more in today’s Term Sheet, exclusively for our valued subscribers. 

Inside: CDPQ’s head of real estate Rana Ghorayeb talks about balancing risk and reward; We reveal the winners of the 2024 PERE Credit Awards; Plus, expert comment and analysis from industry leaders; And much more…

The Federal Reserve opts to hold interest rates steady while the impact of tariffs remains uncertain in the near term; New York City office buildings are still in the commercial mortgage-backed securities spotlight with key extensions and workouts; Nashville hits a financing high note with InterVest and OZK originating $235 million for a mixed-use project; and more in today’s Term Sheet, exclusively for our valued subscribers.