Anna-Marie Beal
The firm believes there has been a push toward real estate debt strategies due to lack of alternatives within the broader fixed income market.
The firm deployed more than $1.45 billion in 2021 and aims to continue this momentum.
Charles Foschini, who arranged the loan via Berkadia, said rising rental rates at Enclave at Lake Ellenor meant the borrower was able to secure better terms.
The former CEO of VEREIT is concerned about the impact of stagnant GDP growth on the US commercial real estate market.
Through the new partnership, the organisations have already closed two deals, including the £251m financing of a residential development in London’s Nine Elms.
The firm sees significant mispricings that present opportunities to take short positions.
The Minneapolis lender believes having a smaller number of clients with bigger relationships is the best way forward.
The JV marks Kayne Anderson’s first foray into the European student housing market.
The $1.2trn manager sees C-PACE financing on the rise.
While Europe’s domestic activity sets up a competitive scene for lenders, US liquidity and deal volume continues to thrive.