Data Centers

The inaugural edition of the PERE Credit Manager Survey depicts a tiered market where lenders are increasingly favoring strong sponsorships and sectors amid capital market volatility.

Credit markets will play a $1.75trn role in funding the global data center rollout, according to one notable estimate. Real estate debt managers are finding their place in this fast-evolving landscape

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.

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.

Data centers are big business and require big finance, writes JC Russell.

Against an ever-changing macroeconomic environment, lenders have to be prepared for opportunities and challenges that arise. That means constantly evolving a strategy that is structured to be successful throughout an entire economic cycle.

Real estate private credit is taking its place as a component in broader asset-backed finance strategies. PERE investigates the role the asset class is playing as investors seek diversified credit exposure.

Real estate credit is in fashion, but today’s uncertain macro environment demands conservatism and patience, says Derby Lane founder Adam Piekarski.

The multibillion-pound financing is one of the largest-ever UK data center deals.

Crestline Management recently closed its $625m European Capital Solutions Fund II, eyeing Spanish residential development.