Coronavirus

The covid-19 pandemic represents uncharted territory for Europe’s commercial property lenders.

Inventory inspections and alternative due diligence methods are the early order of the day for managers and investors alike in the face of widescale working from home requirements.

First-time fund managers are set to have an even tougher time on the fundraising trail amid the pandemic, but there could be opportunities for those raising capital on a deal-by-deal basis.

The German insurer will remain active in the asset class but will be reevaluating its underwriting and the types of investments it pursues.

Chief investment officer Ben Meng outlined the steps taken to mitigate the impact from the ongoing covid-19-triggered volatility in a board meeting on Wednesday.

Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.

The Boston-based firm launched Realty Associates Fund XII in June 2018, according to an SEC filing.

‘In the current situation, it’s really tough to underwrite something,’ Rainer Komenda, the €80bn Bavarian pension investor’s head of real estate funds, tells PERE.

ESG and succession planning are growing in importance, say Hodes Weill & Associates partners Susan Swanezy and Stuart Baldwin.

The New York-based firm has already invested a third of Madison International Real Estate Liquidity Fund VII’s capital since its launch.