Multifamily Housing

The Canadian firm’s Prashant Raj and Derek Richter explain why Europe’s real estate private credit market is a match for pension fund capital.

The commercial real estate lending market is emerging from a period of uncertainty into one of renewed opportunity, says SitusAMC’s Anne Jablonski. The winning lenders will be those who know how best to leverage expertise.

With $1.8trn of ZIRP-era loans now maturing, the market is shifting from extend-and-pretend to disciplined resolution, and abundant capital is bifurcating sharply between prime assets and distressed pockets.

The UK Prime Minister’s £10bn plan to fix the country’s housing shortage will create opportunities for debt providers.

The firm hopes to raise more than $1bn for the strategy by 2027.

Wealthy investors increasingly value the asset class’s stability as private markets distributions remain slow.

The fund will originate senior and subordinate debt across asset classes and geographies around the US.

The US manager has teamed up with Macquarie to provide the facility as part of a multifamily refinancing.

The Nashville-based manager extends its Northeast US lending streak, which has largely bulked multifamily and industrial sector exposure year-to-date.