Evelyn Lee
Monroe, which began investing in real estate in earnest about three years ago, plans to hire two more sector-focused professionals by the end of the year.
The Dallas-based private equity firm has moved its head of Asia into a new role and is eliminating 25 positions in the region.
The high-profile departure comes two years after the New York-based investment bank’s reorganization of its property businesses.
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.
The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.
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.
The Miami-based investment firm has completed its biggest-ever initial closing with its latest property vehicle, which is also the largest in market.
These debt handlers are front-and-center of the real estate distress unfolding during the covid-19 crisis.
Rising foreclosure rates show relief has not prevented some borrowers from losing their properties – and they give a glimpse of what is to come next year.
The Miami-based firm expects most loans in special servicing to become performing again, largely because of higher credit standards post-GFC.