Charlotte D'Souza
Options for alternative lenders to capitalize on the opportunity in real estate debt are taking longer than expected to manifest in Europe.
While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.
Attractive pricing and green shoots of liquidity in Europe present an increasingly compelling proposition for global capital markets to get behind.
Blackstone heralds ‘reasons for optimism’ as its non-traded REIT achieves maximum payout for the first time since proration began.
The manager has established a regional sidecar to invest alongside its flagship opportunistic global fund for the first time.
Investors may be amenable to investment period extensions in today’s climate, but lengthening the fund term could have more serious implications.
Banks’ commercial real estate loan loss provisions and managers’ cash reserves are under the microscope. But calls for prudence are too little, too late.
In a highly illiquid private real estate market, investors will need to get comfortable with longer deployment periods – and managers will need to contain any adverse impact.
The private real estate arm of Morgan Stanley has agreed an additional year to deploy the fund’s capital amid market challenges.
AXA IM Alts prepares to buy the iconic British film and television studios from the BBC in a sale-leaseback.