Peter Benson
SVB and Signature, along with troubled bank First Republic, had been major sources of financing for many real estate managers.
The impact of myriad lending sources pulling back at the same time has been worse than many are willing to acknowledge.
Patrizia senior portfolio manager Falvio Casero says the tool is a primary reason for the firm’s ability to close deals this year.
An increase in exit cap rates and cost of debt – as well as operating costs rising faster than rental rates – were among potential inflation-driven challenges cited by managers.
The real estate investment arm of Prudential attracted first-time limited partners to the fund partly on strong past performance.
The New York firm has raised the largest dedicated US real estate debt vehicle since the beginning of the pandemic.
The London-based manager sees possibilities in hotels and ESG, Schroders' global head of real estate Sophie van Oosterom tells affiliate title PERE.
The Toronto-based firm has attracted $4bn in commitments from more than 50 investors for Brookfield Real Estate Finance Fund VI, twice as much as the second-biggest debt fund.
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