Shihao Feng
Participating preferred equity emerges as alternative lending structure amid choppy deal-making environment.
Increasing volatility has made REIT earnings less of a clear window into broader market valuations.
The pending sales of discounted mezzanine loans highlight mezzanine investors' role.
Student housing lenders see a bright outlook for the sector, but are cautious about the potential for spread compression as the sector becomes more popular with institutional investors.
C-PACE financing continues to gain momentum, while the office sector appears to be approaching crisis.
A rapid rise in interest rates marked the end of more than 10 years of historically low rates – and put new wheels in motion.
The failures of Silicon Valley Bank and Signature Bank and turmoil at First Republic are leading regional lenders to move more cautiously.
The commercial real estate debt markets faced generational challenges in 2022. But there were bright spots of activity which will set the stage for a new cycle.
The asset class continues to experience pricing pressure given the uncertain market outlook.
Participating preferred equity has features of both preferred and joint venture equity, Berkadia’s Cody Kirkpatrick told Real Estate Capital USA.