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Investors want their real estate chiefs to have debt expertise too

A trend of institutional investors elevating credit-focused executives is a natural and predictable mirror of what is happening with managers.

Download the June/July 2024 issue of PERE Credit

Welcome to the first issue of PERE Credit. Inside, we interview Brian Kingston, the CEO of Brookfield’s real estate business; analyze the 50 largest debt fundraisers in the market; and discuss the ‘Basel endgame’ with industry leaders; Plus much more…

Speedway Commerce Center races toward development

CBRE Investment Management and Hillwood Partners plan to redevelop a land parcel adjacent to the Auto Club Speedway in California’s Inland Empire into an industrial mega-development.

Loan spreads tighten as a picture around stability emerges

Spreads on newly originated loans were modestly tighter, according to data from Cushman & Wakefield.

Investor watch: CalSTRS, CPP head investor leaderboard

Top 10 investor commitments to North America-focused real estate debt funds in Q1 2024

Capital watch: Fundraising flat in Q4 2023

North America-focused commercial real estate debt funds raised roughly $20.06bn for new vehicles in the fourth quarter of 2023.

Lending Barometer: Multifamily sector sees large-ticket construction deals

The multifamily sector took 42 percent of the total loan volume, according to deals tracked by Real Estate Capital USA’s Lending Barometer.

KLOC Index: KBRA Credit Profile tracks rise in loans of concern in January

The index was at 21.18% in January compared with 21.07% in both December and November 2023.

Slate identifies growing construction completion niche

Slate Property Group in March originated a roughly $60m loan to reignite a stalled multifamily development in the Astoria neighborhood of Queens, New York.

CBRE IM identifies financing gap for modern logistics space

The industrial sector is poised for the greatest amount of disruption of any commercial real estate sector as the need for modern logistics properties rises, says CBRE IM’s Mary Lang.