Blueprint: Fed watchdog highlights banks’ commercial real estate exposure, Lone Star collects a third of its $6bn fundraising target, real estate secondaries volume falls

The Federal Reserve watchdog weighs in on commercial real estate bank exposures and lending reserves; Lone Star Funds makes headway amassing firepower for its latest fund ahead of a distressed vintage; Ares data shows real estate secondaries volumes have dropped; and more in today's briefing, exclusively for our valued subscribers.