The firm expects to see a rise in portfolio and property recap opportunities over the next six to 18 months as traditional lenders pull back.
The Los Angeles-based manager is targeting $3bn for its Real Estate Debt Fund IV.
Blackstone's president and chief operating officer considers real estate debt to be ‘an area of growth' for the firm.
The industry veteran is joining the New York-based credit shop as it closes its first institutional private fund.
The firm's global co-head of real estate says having $30bn of equity to deploy, at a time when debt is harder to get, is a ‘valuable asset.’
Teachers Retirement System of the State of Illinois and Teachers Retirement System of Louisiana were also heavy hitters.
The US commercial real estate debt markets navigated rising interest rates and macroeconomic and geopolitical turmoil for a number of solid transactions. Find out which organizations and deals were voted last year’s best.
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.
Capro Capital JV is targeting $500m for its first fund, launching with $100m of equity.
As managers and investors continue to struggle with liquidity issues, it is no longer business as usual for real estate recapitalizations.