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Regional banks had stepped in to fill the void left by other lenders. Who will replace them if they stop lending, too?
More than 150 delegates gathered at PERE’s first live event since the start of the coronavirus pandemic to hear how repositioning assets will be key to their future resilience. But, currently, there are as many questions as answers as to how to do it.
Samantha Rowan | Real Estate Capital USA
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NatWest’s expected sale of a portfolio of non-performing loans to a joint venture between equity firm Attestor Capital and retail property specialist Ellandi is the first significant UK NPL sale in the wake of the pandemic, market participants say.
James Jacobs, head of real estate for Lazard’s private capital advisory group, says the easing of restrictions on both sides of the Atlantic is changing institutions’ appetite for risk.
Starwood now expects less troubled deal flow to emerge in the non-performing-loan space from the current pandemic crisis than it did before. But that should not worry investors which committed to its latest ‘distressed’ fund.
Blackstone and Starwood’s sweetening of an already sweetened offer shows a strong conviction in the sector.
The New York-based firm’s latest vehicle is effectively a non-traded REIT within a 1940 Act wrapper, but the wrapper is where the innovation lies.
Inflation fears are back but mitigating forces should not be underestimated, says Jose Luis Pellicer, head of investment strategy and research at M&G Real Estate.
Oaktree’s substantial deployment of its latest property fund is not indicative of dealflow in the market overall, but rather that it is ahead of the pack.

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