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The events could be the start of a period of defaults and delinquencies for the US office market.
While the tone of the market feels anecdotally better, transaction activity has still not yet picked up.
The firm is looking to grow its debt platform and recently hired Dean Dulchinos as head of debt portfolio management to oversee activity.
While there is growing interest in debt as an investment, Azelby noted the equity and the debt sides of the business remain distinct.
About 26% of all capital raised during the first nine months of the year was allocated to the sector.
Putting the deal together was like a jigsaw puzzle, says Triangle Equities.
BentallGreenOak has built its commercial real estate lending presence in the US with SunLife’s backing, and its head of debt, Abbe Franchot Borok, has her sights set on further expanding its platform.
The tax could be up to 2.8% for New York City.
The financing will be used for the development of a San Francisco project.
US investors will adopt more debt and opportunistic strategies this year, says the firm’s January Investor Intentions Survey.