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Pricing is expected to reset as interest rates rise over the next 12-24 months.
Boston manager to launch series of private credit funds with sights spanning all US asset classes
The manager is looking across sectors and deal types for new business activity.
The firm is hoping to expand its equity business after a strong 2021 in which it closed more than $4.5bn across three strategies.
The program was rebooted earlier this year to raise the minimum threshold for investment.
The financing was arranged by Lotus Capital Partners on behalf of the sponsors, Miami-based manager Gencom and New York-based Mohari Hospitality.
The market will have to adjust to negative leverage by either having cap rates go up or investors willing to take a lower return.
US Bank, Chatham and BEB Capital dive into the sector's evolution away from fixed, long-term lease favorability.
The busy conference halls at the Munich event belied a lull in investment activity while the industry awaits stability.
The manager sees the current capital markets disruption as an opportunity to hone in on increased borrower demand in markets with good relative value.