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With recovery underway in the US hotel sector, securitisation activity is gradually picking up in select sub-sectors – albeit with more conservative underwriting.
Historically, real estate has performed well when prices rise, but the pandemic era raises unique questions and challenges.
With the pandemic opening up secondary opportunities, the Los Angeles-based firm went on a performing loan buying spree for its $650m strategy.
The real estate manager has hired Isabelle Brennan from M&G and Michelle Liu from CIT to expand its debt platforms on both sides of the Atlantic.
The Canadian pension investor’s expansion efforts including doubling its lending book in the coming years.
Martin McGann, finance director of the UK logistics REIT, says the company’s latest financing diversifies its funding sources and provides long-dated capital.
These debt handlers are front-and-center of the real estate distress unfolding during the covid-19 crisis.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated.
Though new relationships are still on hold throughout much of the world, many kinds of investors are still finding ways to grow their real estate exposure.
The follow up to KKR’s 2017 fund will continue to focus on junior tranches of commercial mortgages.
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