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A seed portfolio, ‘essential’ to attracting capital prior to the covid-19 pandemic, has become a liability for many firms in fundraising mode.
The sector continues to perform for now, but the pandemic poses an existential threat to the short-term subleasing model.
Not even government stimulus measures are expected to stop non-bank property lenders from retreating after being further challenged during the pandemic.
Despite the coronavirus’s deep impact on the market, foreign and domestic investors are bullish on a US recovery, according to a survey conducted by the Association of Foreign Investors in Real Estate.
The valuation and investor interest in the asset, which traded at a 4.4% cap rate, remained unchanged despite being marketed during the pandemic.
The acquisition would have been the biggest sale of UK retail parks in a decade.
Sector-specific funds could bear the brunt of coronavirus-induced market uncertainty as investors opt for the flexibility and diversification provided by multi-sector vehicles.
The real estate lending market is largely on pause, but the deals closed since the crisis's onset hint at what lenders are still willing to sign off on.
The pandemic has led the world’s largest asset manager to rethink its allocation plan for Europe Property Fund V, which just closed on €1.5bn.
Carnegie Corporation’s Alisa Mall called committing to new managers 'the equivalent of getting engaged to someone you’ve only talked to on your screen.'