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Alternative lenders
Potential investors see a brighter future for distressed properties as rental rates rise and job growth accelerates.
VICI Properties has set up a longer-term investing initiative with Cain and Eldridge Industries as part of a $1.5bn mezzanine contribution.
Global real estate head Chad Tredway and head of research Thomas Kennedy outline how a deeper shift into alternative sectors and more precise deployments will unfold in the next cycle.
The Los Angeles-based manager picks up exposure to the kind of hard-to-replicate asset that previously was most often financed by bank lenders and the securitized market.
Expected growth in private-label mortgages is expected to fuel the residential mortgage-backed securities market.
Despite global macro turmoil, lenders are not expecting to see a decline in transaction activity.
A sponsor group including Redwood West, Panattoni and Prime purchased Victoria Gardens from Brookfield Properties and QIC in a $530 million deal.
The Middle Eastern sovereign wealth fund has formed a separately managed account with the Hong Kong-based firm.
To grasp opportunities in a reset European lending market, lenders need to look beyond their traditional roles, argue Deutsche Pfandbriefbank’s Duncan Pearson and Charles Balch in this episode of The PERE Podcast.
The funding will help recapitalize and fuel development of the 289-key Hilton Miami Beach Convention Center Hotel ahead of its May opening.