Anna-Marie Beal
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.
Debt funds are seeing activity boom compared with banks and other lenders as transaction volume and complexity rise.
Borrowers are seeking speed and certainty over execution of loan terms, says Bryan Donohoe, partner and head of real estate debt at Ares.
The firm is also seeing increased borrower focus on speed of execution.
An uneven recovery may lead to a divergence in sector-specific NPL ratios.
Borrowers are tapping into ample liquidity for acquisitions and developments while lenders are being adequately compensated for risk.
Rental housing and industrial are the firm's top priorities.
The balance sheet lender has no plans to securitize its loans.
Though the firm is worried about the impact of rising construction costs.