Affiliate title PERE’s America Forum puts debt center stage; Fannie Mae and Freddie Mac will be tapering their multifamily lending caps by $5 billion each under 2024 guidance; CBRE research shows insurance lenders are gaining market share as banks and private credit managers cede ground; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 17 November 2023
Blackstone’s upcoming €1.5 billion refinancing is the latest in a slew for the US manager; concerning news emerges from the US as overdue loans hit a 10-year high; CBRE’s Sustainability Index reveals complicated findings around performance; and more in today’s briefing, exclusively for our valued subscribers.
6 min read · 15 November 2023
WeWork’s Chapter 11 bankruptcy filing will affect nearly $19 billion of outstanding commercial real estate debt; PCCP kicks off fundraising efforts for another real estate credit strategy to succeed its $1.7 billion predecessor; the office conversion wave gains more momentum with the planned redesign of New York’s iconic Flatiron Building; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 09 November 2023
The bankruptcy of flexible working giant WeWork creates potential problems for landlords and lenders; US manager Blackstone and hospitality group Generator Group successfully tap the refinancing market; not long left to make a submission for the REC Europe Awards 2023; and more in today’s briefing, exclusively for our valued subscribers.
7 min read · 08 November 2023
Real Estate Capital USA opens for nominations for our third annual US commercial real estate debt industry awards; PGIM Real Estate and Northwestern Mutual join forces on a $869 million refinancing for a 25-asset Class A industrial portfolio; the White House looks to encourage more asset conversion pace to boost residential supply with a guidebook launch; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 02 November 2023
You have until 17 November to tell us why your organisation deserves a Real Estate Capital Europe award for 2023; Brookfield and QIA’s life sciences plans aim for a new lease of life for Canary Wharf; ING says banks are dealing with limited data on climate risk in their property portfolios; and more in today’s briefing, exclusively for our valued subscribers.
6 min read · 01 November 2023
Goldman Sachs reduces the value of its balance sheet real estate portfolio by one-third to reduce sector exposure risk; Citibank and Deutsche Bank originate a $410 million refinancing package for a pair of Four Seasons resorts in Florida. Plus: Bain Capital’s special situations unit and Smith Hill to start targeting debt and preferred equity opportunities via a joint venture; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 26 October 2023
REC Europe’s 2023 awards launch is imminent and we are searching for the continent’s real estate finance figure of the year; concerns around property valuations take listed real estate stocks to a 12-year low; Madrid-based investor Azora discusses the details behind a €640 million loan; Maslow Capital revives Manchester housing scheme; and more in today’s briefing, exclusively for our valued subscribers.
6 min read · 25 October 2023
Trinity Investments lands its third major hotel financing of 2023; PGIM Real Estate maps out a succession plan for its agency lending leadership; KBRA outlines CMBS stress on the heels of Rite Aid’s bankruptcy filing; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 19 October 2023
The latest Bayes Business School report shows lending was down and focused on refinancing in H1; Blackstone returns to the European CMBS market with a logistics deal; LaSalle’s fundraising ambitions demonstrate that managers see opportunity ahead in property lending; and more in today’s briefing, exclusively for our valued subscribers.
7 min read · 18 October 2023
