Managers

Market participants at the global trade show, being held this week in Munich, are seeing sustained interest in real estate credit strategies amid ongoing conflicts in Ukraine and the Middle East.

The fund aims to originate loans across a range of sectors, including real estate and infrastructure.

The portfolio comprises nine modern self-storage facilities across Dublin, Belfast, Cork, Galway and Waterford.

The Asia-Pacific private real estate credit markets present a disparate set of opportunities for managers.

A record US office CMBS special servicing rate suggests an increasingly proactive refinancing and workout environment.

Stockdale Capital Partners is targeting $300m in loan originations over the next 12 months after launching its inaugural real estate credit platform.

Metrics Credit Partners suspended redemptions in a A$3.3bn real estate debt fund while it finalises audit-driven valuation changes.

Private capital is cementing its structural role in real estate credit, but with capital shifting toward multifamily and data centers and rate uncertainty persisting, lenders say underwriting discipline, not rate calls, is what sets the winners apart.

Retail investors may be reducing their private market exposure for now, but many real estate debt professionals are optimistic they can tap retail cash through semi-liquid fund structures over the longer term.

As banks retreat from parts of the market, private lenders are filling the gap with flexible capital and through greater interaction with public markets, argue PIMCO’s Roman Kogan and Seray Incoglu.