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Brookfield’s Brian Kingston: The future is debt

The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.

The 2024 PERE Credit 50 underlines the power of big names

There was little movement among the firms occupying the top spots in the PERE Credit 50, demonstrating the difficulty smaller managers can face in scaling their platforms.

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.