Transaction volumes will stay subdued until bank lending standards begin to ease.
5 min read · 22 September 2023
Kayne Anderson picks up $1.3 billion medical office loan portfolio from Synovus as select regional bank selloff activity continues; Federal Reserve keeps interest rates elevated; Blackstone’s Schwarzman says real estate credit will play a critical role in ambitions to amass $1 trillion in assets; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 21 September 2023
Bank sale mirrors similar moves by Capital One and Pacific Western Bank to add liquidity amid market stress.
3 min read · 20 September 2023
The New York-based manager has had a record year of originations, closing more than $1bn of new loans over the past 12 months.
2 min read · 18 September 2023
CIM Group is responding to what it sees as an upswing in business and leisure travel as the US moves past the covid-19 pandemic.
1 min read · 18 September 2023
RV ownership has risen by more than 60% in the past two decades and the park sector is still heavily fragmented.
3 min read · 18 September 2023
Alere to use funding to recap assets across Los Angeles, Orange County and the Inland Empire.
2 min read · 14 September 2023
Market analysts anticipate pause to slight bump on rate hikes at next week’s Federal Reserve meeting; Apollo subsidiary Athene originates $480 million studio redevelopment financing as insurers gain more lending ground in bank absence; more equity and preferred equity comes into play as ‘blend and extend’ financing methods pick up in usage; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 14 September 2023
Blend and extend is the latest iteration of the ‘extend and pretend’ strategy frequently seen in the wake of the Global Financial Crisis.
6 min read · 14 September 2023
