The firm’s multifamily debt funds topped $3bn this year.
The retail-focused REIT was drowning in more than $3.5bn of debt prior to its June bankruptcy filing.
The move comes as more borrowers are turning to non-bank lenders.
Has appetite for sustainability-linked lending strategies stalled, or is green bond issuance looking to rise in 2022?
The firm has closed a pair of loans that fit this profile, with a growing pipeline.
Projections for conduit issuance remain unchanged.
The strategic partnership is the first investment the Investcorp Strategic Capital Group has made into a real estate manager.
Lenders are hopeful but cautious as the covid-19 pandemic drags on.
The firm is seeing distress creep in as the covid-19 pandemic continues to tamp down recovery.
Increased lending caps from GSEs will boost affordable housing sustainability, PGIM's director says.