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Test New post 07.05.2024 pere credit

The real estate manager has hired Isabelle Brennan from M&G and Michelle Liu from CIT to expand its debt platforms on both sides of the Atlantic.

The Toronto-based alternative asset manager will now expand its product offerings stateside following the take-private transaction.

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.

Securitised real estate debt has been battered by the covid-19 pandemic. Now institutional managers must decide what to do about it.

Ratings agency S&P expects the delinquency rate to climb higher for June, although European CMBS are so far weathering the storm.

The New York-based alternative asset manager, formerly known as Och-Ziff Capital Management, beat the target for its latest property vehicle by nearly $1bn.

The economic fallout from covid-19 has stoked fears of a liquidity crisis in US commercial property lending.

The duo will target both the acquisition and origination of loans secured by real estate in the western US, Ireland and the UK.

Capital providers and their managers are seeking fresh pockets of value as fundraising in the sector dips.