Kyle Campbell
The Canadian pension investor’s expansion efforts including doubling its lending book in the coming years.
Consultant RCLCO told the $280bn pension it should consider increasing leverage, value-add strategies and construction in anticipation of a market reset.
The former Torchlight Investors partner has joined the real estate debt specialist as senior managing director and co-head of capital raising.
More than half of the capital for the California firm’s latest vehicle came from the region, much of it from first-time investors.
The former Torchlight Investors partner has joined the real estate debt specialist as senior managing director and co-head of capital raising.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated.
Though new relationships are still on hold throughout much of the world, many kinds of investors are still finding ways to grow their real estate exposure.
As retail and office sectors trend toward volatility, the steady returns of sale-and-leaseback strategies are becoming attractive fixed-income substitutes.
Leniency from banks has given private real estate lenders flexibility to pass down, but leveraged investments remain a ticking timebomb.
Securitised real estate debt has been battered by the covid-19 pandemic. Now institutional managers must decide what to do about it.