Debt

Definition of distress shifts as lenders seek to extend runway on troubled loans

Lenders are pushing borrowers to resolve maturing loans, but the ample liquidity available in today’s market has so far helped to keep distress in check.

Lenders are trimming debt duration as higher rates persist

JLL-advised dealflow data indicates lenders and sponsors are not waiting for rates to move as they act on immediate borrowing needs.

Blue Owl nears $1bn raised across real estate and data center credit strategies

The New York-based manager noted it is drawing closer to $1.5bn targets set for the first vintage in each series during its Q2 earnings results.

AllianceBernstein funds $137.5m refi for Brooklyn mixed-use tower

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

Industrial outdoor storage moves toward the institutional inner circle

Private real estate credit managers seeking to diversify their investments in alternative sectors are primed for more in the industrial sub-category.

PGIM hits $400m in first close for latest high-yield European debt fund

PRECap VIII will provide whole-loan and mezzanine financing, as well as preferred equity, across European real estate markets.

US regulatory environment tilts toward housing creation, away from data centers

The 21st Century ROAD to Housing Act aims to spur new housing development and put guardrails on institutional ownership.

Boston Retirement System seeks to make new real estate credit commitments

The $8.9bn pension aims to commit $15m-$30m to real estate credit in 2026.

Exclusive: Slate closes $1bn SMA to expand senior lending platform

The New York-based manager is adding competitive lending depth atop its flagship platform and has more capital-raising efforts in the works.

Now live: PERE’s Inaugural Credit Manager Survey

PERE has launched its inaugural PERE Credit Manager Survey, a report through which we will gauge the state of play among real estate private credit managers in the US, Europe and the Asia-Pacific region. The survey, which closes on August 28, aims to get a sense of where lenders are active and why, fundraising initiatives, […]