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The firm anticipates opportunities on the debt and equity side as the commercial real estate market moves closer to a reboot.
Brookfield raises concerns about Signature Bank loan portfolio sale; US Congress proposes legislation to boost workforce housing creation; lenders say the clock is ticking for borrowers with near-term maturities; and more in today’s Term Sheet, exclusively for our valued subscribers.
While the change in sponsor attitude has not yet been reflected in transaction volume, market participants are pointing to anecdotal situations over the past 30 to 60 days which shed light on the shift.
Related Companies and Blackstone are among reported bidders for the failed bank’s commercial and multifamily lending portfolios.
The New York-based rating agency is also forecasting a rebound in commercial mortgage-backed securities issuance in 2024.
Rising interest rates are creating challenges for commercial real estate sponsors, complicating the refinancing of existing debt amid a shrinking lender pool, says Locust Point Capital's Eric Smith.
Newmark’s Jimmy Kuhn and Fried Frank’s Jon Mechanic say developers need support to convert obsolete properties.
PERE America’s keynote speaker told members capital market dislocation means managers need to prioritize conversations with their lenders.
Monday Properties has historically also pivoted its portfolio as markets dynamics change
Negative sentiment and macroeconomic and geopolitical concerns continue to hold back the market, panelists said at PERE America.